Summary by Moomoo AI
Conch Venture (stock code: 586) issued a voluntary announcement on August 14, 2024, notifying shareholders that its joint venture Anhui Conch Cement Co., Ltd. (Hong Kong Stock Exchange stock code: 00914; Shanghai Stock Exchange stock code: 600585) will hold a board of directors meeting on August 27, 2024. The main agenda of the meeting is to consider and approve the unaudited performance of Conch Cement and its subsidiaries for the six months ending June 30, 2024. Conch Venture directly owns 49% equity of the Conch Group, while the Conch Group holds about 36.40% equity of Conch Cement. Most of Conch Venture's profits come from holding equity of the Conch Group, accounting for approximately 72% and 67% of the continuing operation business profits in 2022 and 2023, respectively. The announcement was issued by the joint company secretary Chen Xingqiang, who reminded shareholders and potential investors to refer to Conch Cement's detailed announcement for more information.
