Cement Network Video: Anti-monopoly Review Approved! New Progress of Conch Group's Acquisition of Wanwei Group

2026-06-12 10:21:55

Conch Group intends to take 60% of Wanwei Group through a cash capital increase of nearly 5 billion yuan, indirectly holding 18.24% of Wanwei Gaoxin.

On June 11, Wanwei Hi-tech announced that the company received the decision of the Municipal Administration of Supervision on anti-monopoly review forwarded by Conch Group, allowing Conch Group to acquire the shares of Wanwei Group. Conch Group intends to acquire 60% of Wanwei Group's equity through a cash capital increase of nearly 5 billion yuan, indirectly holding 18.24% of Wanwei Hi-Tech; in addition, Anhui Investment Group, Anhui State-controlled Group and Conch Group constitute a concerted actor, and Conch Group holds 33.24% of the voting shares of Wanwei Hi-Tech, which will become the indirect controlling shareholder, and the actual controller is still Anhui SASAC. This matter still needs the compliance review and share transfer of the Shanghai Stock Exchange, and the matter is still uncertain.

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Cement Network Video: Anti-monopoly Review Approved! New Progress of Conch Group's Acquisition of Wanwei Group

Conch Group intends to take 60% of Wanwei Group through a cash capital increase of nearly 5 billion yuan, indirectly holding 18.24% of Wanwei Gaoxin.

2026-06-12 10:21:55

CEMPI

94.8

-0.16 -0.17%

CONCPI

88.80

-0.64 -0.72%

CLKPI

97.46

0.00 0.00%

SPPI

44.52

-0.26 -0.58%

MORPI

73.32

0.00 0.00%

Huaxin Launches "Green" Initiative at the Launching Ceremony of Hubei Energy Conservation Publicity Week

On June 15, the launching ceremony of 2026 Hubei Energy Conservation Publicity Week was held in Han. Deng Xikun, Director of Cement Business of Huaxin Building Materials and Secretary-General of Provincial Cement Association, read out the Proposal for Energy Conservation and Carbon Reduction on behalf of Huaxin. As a benchmark enterprise of green low-carbon development in building materials industry, Huaxin will further cultivate carbon reduction technology, iterate green products, export industry standards, and promote the green transformation of the whole chain of building materials.