Anhui Conch Cement

Briefs, October 25, 2012

Angang Steel reported a net loss of 1.19 billion yuan in the third quarter.

Citic Bank shareholder selling 458m shares

Thursday, 25 October, 2012, 4:53am

Anhui Conch IPO to tap market for 11b yuan

Anhui Conch Cement, the mainland's largest cement producer, is planning to raise as much as 11 billion yuan in a new share sale as it boosts capacity to serve surging demand for roads, bridges and buildings.

27 Jun 2007 - 12:00am

Anhui Conch eyes lift from acquisitions

Shares of Anhui Conch Cement, the mainland's largest maker of the building material, surged 12.79 per cent yesterday after it said its recently approved acquisitions would boost profit 8 per cent.

The stock rose HK$3.80 to close at HK$35.30, its biggest gain in five months, as trading resumed following its suspension on April 30.

8 May 2007 - 12:00am

Anhui Conch Cement net soars on strong demand

Anhui Conch Cement, the mainland's largest maker of the material, said profit rose sharply last year as the country's fast economic growth helped it rebound from an industry slump in 2005.

Net income rose to 1.48 billion yuan from 385.83 million yuan in 2005, while earnings per share increased to 1.14 yuan from 32 fen. Sales jumped 40.83 per cent to 15.25 billion yuan.

14 Apr 2007 - 12:00am

Anhui eyes purchase of units from parent

Anhui Conch Cement, China's largest cement maker, plans to buy seven units from its parent, funding the purchase with the issue of 4.16 billion yuan worth of A shares.

The company would acquire three units from its parent, Anhui Conch Holdings, for 302.6 million yuan, the cement maker said yesterday.

18 Jul 2006 - 12:00am

Austerity policy helps Anhui cement position

Mention the concept of investing in a China cement company and the naysayers dismissively begin explaining why it is a bad idea. Topping their list of reasons is the mainland's macro-economic austerity measures, which target specifically the cement industry and its redundant, ill-equipped cement plants.

10 Oct 2004 - 12:00am