On February 25, TCC International Limited, a subsidiary of Taiwan Cement, announced that it sold 76.875 million shares of Conch Cement 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. After completion, the shareholding of Conch Cement will be reduced to 38.325 million shares.
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