Anhui Conch Cement Receives Non-Compete Undertaking from Controlling Shareholder for Wanwei Holdings Acquisition

Reuters01-29

<a href="https://laohu8.com/S/AHCHF">Anhui Conch Cement</a> Receives Non-Compete Undertaking from Controlling Shareholder for Wanwei Holdings Acquisition

Anhui Conch Cement Company Ltd. disclosed that its controlling shareholder, Anhui Conch Holdings Company Limited, has issued a non-compete undertaking in connection with its proposed acquisition of Anhui Wanwei Holdings Company Limited through a capital increase. The move comes as Wanwei Holdings’ subsidiary, Anhui Wanwei High New Materials Co., Ltd., is involved in the production and sales of cement products, raising the potential for business overlap with Anhui Conch Cement. The non-compete undertaking aims to address possible competition risks following the completion of the acquisition. As of the announcement date, no legally binding agreement related to the acquisition or potential management arrangements for cement-related assets has been signed. The company stated it will continue to monitor developments and provide updates as necessary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anhui Conch Cement Company Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260129-12005008), on January 29, 2026, and is solely responsible for the information contained therein.

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The move comes as Wanwei Holdings’ subsidiary, Anhui Wanwei High New Materials Co., Ltd., is involved in the production and sales of cement products, raising the potential for business overlap with <a href=\"https://laohu8.com/S/600585\">Anhui Conch Cement</a>. The non-compete undertaking aims to address possible competition risks following the completion of the acquisition. As of the announcement date, no legally binding agreement related to the acquisition or potential management arrangements for cement-related assets has been signed. The company stated it will continue to monitor developments and provide updates as necessary.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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