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Anhui Conch units to acquire assets in 2 JVs for US$65.21m.
(From Business Daily Update)
Author: x Anhui Conch Cement Co Ltd, China's leading cement producers, said its board has approved a proposal allowing two units to acquire assets in two joint ventures (JVs) in the southwestern province of Guangxi for 539.7 million yuan (US$65.21 million). One of Anhui Conch's units, Xingye Kuiyang Conch Cement Co Ltd, will pay 267.07 million yuan (US$32.27 million) to buy assets from Guangxi Xingye Conch Cement Co Ltd -- one of the (JVs). The other unit, Fusui Xinning Conch …
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