(Bloomberg) -- Anhui Conch Cement Co., China's
biggest maker of the construction material, plans to sell shares
valued at 11 billion yuan ($1.4 billion) in Shanghai to upgrade
power equipment and boost output.
The company will offer 200 million new shares, equal to an
11.3 percent stake after the sale, Conch said in a Shanghai stock
exchange statement today, without giving a price or timing. The
stock closed at 55 yuan yesterday.
Read more at Bloomberg Emerging Markets News
biggest maker of the construction material, plans to sell shares
valued at 11 billion yuan ($1.4 billion) in Shanghai to upgrade
power equipment and boost output.
The company will offer 200 million new shares, equal to an
11.3 percent stake after the sale, Conch said in a Shanghai stock
exchange statement today, without giving a price or timing. The
stock closed at 55 yuan yesterday.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment