The total transaction amount is about 1.709 billion yuan! Taiwan Cement reduces its shareholding in Conch Cement

On February 25, Taini announced that its subsidiary sold 76.875 million shares of Conch Cement TCC International Limited at an average price of HK $25.43 per share. The total transaction amount was approximately HK $1.955 billion (approximately RMB1.709 billion).

Taiwan Cement said that the purpose of the sale of Conch Cement shares is capital planning. Upon completion, the shareholding in Conch Cement will be reduced to 38.325 million shares.