The production line has been stopped and the production capacity has been sold! Equity Transfer of a Conch Cement Company

According to a property rights trading platform, Kunming Conch Cement Co., Ltd. recently issued a pre-announcement on the transfer of 80% equity and 195.03 million yuan of creditor's rights. The company is 80% owned by Conch Cement and 20% owned by Dehong Development.

According to reports, the company's operating income in 2024 was 36.8782 million yuan, and its net profit was-44.658 million yuan. The total assets are RMB 207,262,300 yuan and the total liabilities are RMB 197,935,000 yuan.

In addition, Kunming Conch Cement has a 2500 t/d clinker line, which has been shut down on January 9, 2024. 1000t/d production capacity is sold to Wenshan Conch and 1500t/d production capacity is sold to Yunhan Cement of Yingjiang County.