Anhui Conch Cement Company Limited (SEHK:914) agreed to acquire Anhui Conch Information Technology Engineering Co., Ltd. from Anhui Conch Group Co., Ltd for approximately CNY 130 million on December 15, 2023. The consideration consists of CNY 126.4 million in cash. As part of the consideration, CNY 126.4 million was paid towards common equity.

The transaction has been funded through internal source of funds of Anhui Conch Cement Company. The transaction has been unanimously approved by the Board of Directors of Anhui Conch Cement Company.