Conch Group and Wanwei Group Sign Capital Increase and Restructuring Agreement

2026-01-30 13:24:49

Conch Cement announced that Anhui Conch Group Co., Ltd., the controlling shareholder of the company, signed the Capital Increase and Restructuring Agreement with Wanwei Group on January 29, 2026.

Conch Cement announced that Anhui Conch Group Co., Ltd., the controlling shareholder of the company, signed the Capital Increase and Restructuring Agreement with Wanwei Group on January 29, 2026.

Accordingly, Conch Group intends to acquire 60% of the equity of Wanwei Group by way of capital increase, and the Capital Increase and Restructuring Agreement will not come into effect until the conditions such as the declaration of concentration of operators are fulfilled.

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Correlation

Conch Cement announced that Anhui Conch Group Co., Ltd., the controlling shareholder of the company, signed the Capital Increase and Restructuring Agreement with Wanwei Group on January 29, 2026.

2026-01-30 13:24:49

According to the big data of China Cement Network, as of September 11, the national cement price index closed at 284.52 points, up 1.90% annually. From September 8 to September 11, the national cement price index has risen for four consecutive days, with a cumulative increase of 5.41 points.