Some investors asked Conch Cement : I would like to ask why Conch has fallen so much below the net assets per share, and the company's book nearly 100 billion cash, why not take out 10 billion funds to repurchase, demonstrating the company's confidence in development, looking forward to recovery!
Conch Cement replied on the Investor Relations Platform on October 24: Thank you for your attention to Conch Cement! Influenced by macro factors, the demand for cement has declined in the past two years, and the overall performance of the plate is weak. The Company holds the stock capital mainly for the sustainable and high-quality development of the enterprise. At present, the Company is accelerating the industrial transformation and development, taking effective investment as the orientation, strengthening the main cement industry and the upstream and downstream industrial chain, promoting the development of environmental protection, new energy and digital industry, and there is still a certain demand for capital in industrial development. If the company has a subsequent share repurchase plan, it will fulfill its disclosure obligations in a timely manner.
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