Cement Network Video: Acquisition! Conch Group intends to increase its holdings of Conch Venture!

2026-02-26 10:05:19

On the evening of February 25, Conch Venture announced that Anhui Conch Group intends to acquire additional shares of the company. Upon completion of the acquisition, Conch Group will directly and indirectly hold approximately 21% of the issued share capital of the Company, and the total voting rights with persons acting in concert will not exceed 30%. It intends to restructure the composition of the board of directors of the Company, and Conch Venture will become its subsidiary.

On the evening of February

25, Conch Venture announced that Anhui Conch Group intends to acquire additional shares of the company. Upon completion of the acquisition, Conch Group will directly and indirectly hold approximately 21% of the issued share capital of the Company, and the total voting rights with persons acting in concert will not exceed 30%. It intends to restructure the composition of the board of directors of the Company, and Conch Venture will become its subsidiary. 

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Correlation

On the evening of February 25, Conch Venture announced that Anhui Conch Group intends to acquire additional shares of the company. Upon completion of the acquisition, Conch Group will directly and indirectly hold approximately 21% of the issued share capital of the Company, and the total voting rights with persons acting in concert will not exceed 30%. It intends to restructure the composition of the board of directors of the Company, and Conch Venture will become its subsidiary.

2026-02-26 10:05:19

The cement market in Kazakhstan is booming. From January to February 2026, the output of ordinary Portland cement reached 1.6 million tons, an increase of more than 52% over the same period last year, and the growth rate reached a new high since 2021. Driven by the explosive growth of domestic demand, the price of cement in the country has accelerated.