Cement Network Video: Reorganization! Conch Group Holdings Wanwei Gaoxin!

2025-11-21 10:01:19

On the evening of November 20, Wanwei Hi-tech announced that Wanwei Group intends to plan restructuring with other provincial enterprise groups.

On the evening of November

20, Wanwei Hi-tech announced that Wanwei Group intends to plan restructuring with other provincial enterprise groups.

The reorganization is proposed to be carried out through the capital increase of Wanwei Group and the free transfer of part of the equity of Wanwei Group and the company. After the reorganization, the ownership structure of Wanwei Group will be changed to Anhui Conch Group Holdings, Anhui Investment Group and Anhui State-owned Capital Operation Holding Group. Conch Holdings will become the indirect controlling shareholder of the Company, but will not result in a change in the de facto controller of the Company.

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Correlation

On the evening of November 20, Wanwei Hi-tech announced that Wanwei Group intends to plan restructuring with other provincial enterprise groups.

2025-11-21 10:01:19

On May 15, the National Cement Price Index (CEMPI) closed at 95.53 points, down 0.32% annually and 20.45% year-on-year. On May 15, the Yangtze River Basin Cement Price Index (YRCEMPI) closed at 85.85 points, down 0.14% from the previous month.