On February 25, Conch Cement announced that its controlling shareholder, Conch Group, planned to increase its holdings of a shares through centralized bidding with its own and self-financing funds within six months from the date of the announcement, with an amount not less than 700 million yuan (incl uding) and not more than 1.4 billion yuan (including). This increase is based on confidence in the company's sustainable and stable development in the future and recognition of its long-term investment value.
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