Anhui Conch Cement Signs Supply Contracts with Conch Material for 2026; Shares Gain 2%

MT Newswires Live11-28

Anhui Conch Cement (HKG:0914, SHA:600585) entered into two supply agreements with Conch Material Technology for 2026 covering cement grinding aids, concrete admixtures, and related products, according to a Thursday Hong Kong bourse filing.

Hong Kong-listed shares of the cement producer were up nearly 2% in Friday morning trade.

One contract sets an annual cap of 700 million yuan for cement admixtures, while the other provides an annual cap of 160 million yuan for concrete and other admixtures, bringing the aggregate cap to 860 million yuan.

The agreements run from Jan. 1 to Dec. 31, 2026, and remain subject to approval at Conch Material Technology's shareholders' meeting, the filing said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment