Asia Cement (China) (00743) opened nearly 15% lower, as of the time of writing, it fell 14.9%, reporting HKD 2.57, with a turnover of 0.1503 million Hong Kong dollars.
According to the Zhitong Finance APP, Asia Cement (China) (00743) opened nearly 15% lower, as of the time of writing, it fell 14.9%, reporting HKD 2.57, with a turnover of 0.1503 million Hong Kong dollars.
In terms of news, Asia Cement announced that the resolution proposed by its controlling shareholder, Asia Cement Corporation, to privatize the company through an agreement arrangement, was not approved by the planned shareholders at the court meeting. Therefore, the privatization proposal and plan have failed. According to the acquisition rules, the offeror is not allowed to announce another offer for shares within 12 months.
In addition, the company's previously disclosed mid-term performance showed a revenue of 2.689 billion yuan (RMB) during the period, a decrease of 34.49% year-on-year; the shareholders' attributable loss was 0.405 billion yuan, compared to a profit of 0.196 billion yuan in the same period of the previous year, a year-on-year change from profit to loss.