Dongwu Cement Says Share Disposal by Controlling Shareholder Lapses; Shares Rise 7%

MT Newswires Live

05/04

Dongwu Cement International (HKG:0695) said proposed share disposals by controlling shareholder Goldview Development have lapsed and will not proceed, according to an April 30 Hong Kong bourse filing.

Shares of the cement manufacturer were up nearly 7% in Monday's mid-day trade.

The deals, announced in September 2025, involved the sale of 154.6 million shares to Port & Shipping HK for 285.6 million yuan and 49.7 million shares to Fenyuan Capital for 91.8 million yuan.

Following negotiations, the agreements have lapsed and all obligations terminated, the company said

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