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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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

From January to February 2026, the statistics of flat glass production in all parts of the country show that the cumulative output of flat glass in the whole country shows a certain trend. The cumulative output of flat glass in China decreased by 3.50% year on year. Among the regions, the output of Chongqing increased by 45.09% year-on-year, while the output of Yunnan decreased by 66.38% year-on-year. In some areas, such as Beijing, Shanghai and Qinghai, the yield data are missing. The output of other regions increased or decreased year on year, reflecting the differences in the production of flat glass in different regions.