Recently, Dongwu Cement announced that it intends to sell some shares to Port and Shipping Group (Hong Kong) Investment Co., Ltd. and Suzhou Fenyuan Capital Management Co., Ltd. After the completion of the transaction, Hong Kong Port and Shipping (Suzhou Port and Shipping Investment Overseas Platform, actually controlled by Suzhou SASAC) will become the largest shareholder with 28% shareholding, and Fenyuan Capital (wholly owned by Suzhou Fenhu Investment Group, under the Management Committee of Fenhu High-tech Zone) will hold 9% shareholding. After the reorganization, Dongwu Cement will change from private holding to mixed ownership enterprises dominated by state-owned capital.
