Conch Cement plans to take over the management of two Taiwan Cement companies!

2023-08-28 09:15:29

Conch (Zhejiang) Holding Co., Ltd. ( "Zhejiang Conch") is entrusted by Taiwan Cement International Group Co., Ltd. ( "Taiwan Cement International") to manage the production and operation of Fuzhou TCC Cement Co., Ltd. ( "Fuzhou TCC") and Fuzhou TCC Yangyu Wharf Co., Ltd. ( "Yangyu Wharf", together with Fuzhou TCC, the "Target Company").

On August 25, the Shanghai Municipal Market Supervision and Administration announced that Conch (Zhejiang) Holding Co., Ltd. had acquired the control rights of Fuzhou Taini Cement Co., Ltd. and other two companies through contracts. The publicity period is from August 25, 2023 to September 3, 2023.

Conch (Zhejiang) Holding Co., Ltd. ( "Zhejiang Conch") is entrusted by Taiwan Cement International Group Co., Ltd. ( "Taiwan Cement International") to manage the production and operation of Fuzhou TCC Cement Co., Ltd. ( "Fuzhou TCC") and Fuzhou TCC Yangyu Wharf Co., Ltd. ( "Yangyu Wharf", together with Fuzhou TCC, the "Target Company").

Fuzhou TCC is principally engaged in the production and sales of cement, and Yangyu Terminal is principally engaged in port operations. Prior to the Transaction, Taiwan Cement International held 100% equity interest in the Target Company and solely controlled the Target Company; after the Transaction, Zhejiang Conch (through the Entrustment Management Agreement) and Taiwan Cement International (through holding 100% equity interest) jointly controlled the Target Company.

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Correlation

Conch Cement plans to take over the management of two Taiwan Cement companies!

Conch (Zhejiang) Holding Co., Ltd. ( "Zhejiang Conch") is entrusted by Taiwan Cement International Group Co., Ltd. ( "Taiwan Cement International") to manage the production and operation of Fuzhou TCC Cement Co., Ltd. ( "Fuzhou TCC") and Fuzhou TCC Yangyu Wharf Co., Ltd. ( "Yangyu Wharf", together with Fuzhou TCC, the "Target Company").

2023-08-28 09:15:29

CEMPI

100.41

+0.83 +0.83%

CONCPI

86.65

-0.03 -0.03%

CLKPI

102.88

+1.32 +1.30%

SPPI

41.98

+0.35 +0.84%

MORPI

71.83

0.00 0.00%

Ningxia: Strictly implement the ultra-low emission transformation of cement and other industries

In order to further study and implement Xi Jinping's thought of ecological civilization, resolutely implement the deployment requirements of the State Council's Action Plan for Continuous Improvement of Air Quality, conscientiously implement the work arrangements of the Party Committee and the government of the autonomous region, and continuously consolidate the achievements of the year of tackling key problems in the protection and control of the ecological environment, on October 15, 2026, the State Council of the People's Republic of China decided to implement the plan. The People's Government of the Autonomous Region held a kick-off meeting on air pollution prevention and control in the winter and spring of 2026-2027. Vice Chairman Liu Jun presided over and delivered a speech. Members of the leading group of the construction of ecological civilization of the Party Committee of the Autonomous Region are responsible for comrades, members of the team of the Department of Ecological Environment and relevant departments and institutions.