Conch Cement Unit to Acquire Four Medical Waste Disposal Companies for 307 Million Yuan

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Yesterday

Anhui Conch Cement (SHA:600585, HKG:0914) said subsidiaries of its non-wholly owned unit, Conch Environmental, will fully acquire four medical waste disposal companies for 307 million yuan, according to a filing with the Shanghai Stock Exchange.

The companies-Tianjin Hanyang, Shenyang Hanyang, Dalian Hanyang and Tieling Hanyang-will be acquired from related party Anhui Haijing, according to a filing with the Shanghai bourse.

Shares of the cement company rose 2% in recent trade on the Hong Kong bourse.

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