DONGWU CEMENT Announces Extension for Share Sale by Controlling Shareholder

Stock News
03/30

DONGWU CEMENT (00695) has issued an announcement regarding the sale of shares by its controlling shareholder, Goldview Development Limited. Goldview is wholly owned by Mr. Jiang Xueming, a non-executive director of the company. According to the terms of the Proposed Transaction I agreement, the completion of the transaction was conditional upon the fulfillment of certain prerequisites outlined in the agreement by March 31, 2026. The company's board of directors has been notified by Goldview that the purchaser, Hongkong Hong Kong, requires additional time to obtain all necessary approvals from relevant Chinese regulatory authorities to satisfy these conditions. Consequently, Goldview and Hongkong Hong Kong have mutually agreed to extend the final deadline for the transaction to April 30, 2026.

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