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Article: ANHUI CONCH LIKELY TO ACQUIRE CHAODONG CEMENT

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AsiaInfo Services
Article date:
May 12, 2006
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AsiaInfo Services
05-12-2006
Anhui Conch Likely to Acquire Chaodong Cement

ANHUI, May 12, 2006 (SinoCast via COMTEX) -- Anhui Chaodong Cement Co., Ltd., a state-owned local cement producer listed in China's Shanghai stock exchange, saw its share prices surge rampantly after the week-long May Day holiday started from May 1, achieving an accumulative growth of 28 in three days of trading right after the holiday.

Insiders said that the share price rise might have something to do with the company's in-talk stake selling, revealing that Chaodong Cement would soon announce a shares sale to its bigger local rival Anhui Conch Cement Co., Ltd and another foreign company.

Both under the holding of the ...

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