Shares of CONCH VENTURE (00586) rose more than 5% in the afternoon session. At the time of writing, the stock was up 5.50%, trading at HK$8.83 with a turnover of approximately HK$59.09 million.

On July 21st, the company issued an announcement stating that its board of directors had received a notification from its single largest shareholder, Conch Group. The notification indicated that, based on its firm confidence in the company's future development and long-term strategic investment considerations, Conch Group has been continuously purchasing the company's shares in the market recently. Following the initial announcement made by the company on February 25, 2026, Conch Group has proceeded to acquire more shares on the market. As of the date of this latest announcement, Conch Group, directly and indirectly through Anhui Conch Cement Company Limited and its subsidiaries, collectively holds a stake close to 21% of the total issued shares.