Asia Cement (China): Privatization Fails

2024-08-27 17:04:35

The listing of the Shares on the Hong Kong Stock Exchange will not be withdrawn and the register of members of the Company will not be closed with effect from Wednesday, 4 September 2024 for the purpose of determining the entitlements of the Scheme Shareholders under the Scheme.

On the evening of August

26, Asia Cement (China) and Asia Cement Co., Ltd. jointly announced the proposal to privatize Asia Cement (China) Holding Company by agreement arrangement by Asia Cement Co., Ltd. in accordance with Article 86 of the Company Law. As the Scheme has not been approved at the Court Meeting in accordance with the requirements of the Companies Law and the Takeovers Code, the Proposal and the Scheme have lapsed and the Proposal will not be implemented and the Scheme will not become effective. The listing of the

Shares on the Hong Kong Stock Exchange will not be withdrawn and the register of members of the Company will not be closed with effect from Wednesday, 4 September 2024 for the purpose of determining the entitlements of the Scheme Shareholders under the Scheme.

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Correlation

Asia Cement (China): Privatization Fails

2024-08-27 17:04:35

CEMPI

102.17

-0.02 -0.02%

CONCPI

92.33

-0.57 -0.61%

CLKPI

103.97

0.00 0.00%

SPPI

44.88

0.00 0.00%

MORPI

75.16

-0.30 -0.40%

Congratulations to CNBM, Conch Group and Red Lion Holdings on the list of Top 500 Chinese Enterprises! (Complete list attached)

Among the top 500 Chinese enterprises in 2025, the number of enterprises with revenue exceeding 100 billion yuan was 267, an increase of 14 over the previous year, and the proportion of 100 billion yuan enterprises reached 53.4%. In 2024, the "Top 500" enterprises achieved a business income of 110.15 trillion yuan, and the total scale maintained a growth trend compared with the previous year; the average R & D intensity of the listed enterprises increased for 8 consecutive years, reaching a new high of 1.95%; the number of state-owned enterprises and private enterprises maintained a basically balanced pattern, with 251 and 249 respectively.