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Conch Cement: Plans to acquire cement assets of Wanwei High-Tech and Mengwei Technology, with a total transaction price of no more than 691 million yuan.

2026-07-02 15:40:51

Mars Finance News, July 2nd. Conch Cement announced that its wholly-owned subsidiaries, Hefei Conch and Ulanqab Conch, have signed asset transfer agreements with Wanwei High-Tech and Mengwei Technology respectively, to acquire assets related to their cement product production and sales business in cash. The total transaction price is 619 million yuan (with a maximum not exceeding 691 million yuan). This acquisition constitutes a related party transaction, aimed at resolving potential horizontal competition issues and improving the company's main business market layout. (Company announcement)

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