Anhui Conch Cement Raises Connected-Party Cap on Cement Admixtures Procurement
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Anhui Conch Cement Company has revised its procurement arrangement with Conch Material Technology, setting the annual cap for cement grinding aids at RMB 780 million and RMB 160 million for concrete and other admixtures. This connected transaction, due to its association with the controlling shareholder, complies with Hong Kong Listing Rules, avoiding the need for independent shareholder approval. The latest analyst rating for Anhui Conch Cement (HK:0914) is a Buy, with a price target of HK$31.00.
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