Dongwu Cement announces one-month extension for controlling shareholder’s share disposal completion

Bulletin Express
Mar 30

Dongwu Cement International Limited has disclosed a revised timetable for the previously announced disposal of shares by its controlling shareholder, Goldview Development Limited. According to a filing dated 30 March 2026, the contractual long-stop date for completing “Proposed Transaction I” has been pushed back from 31 March 2026 to 30 April 2026.

Goldview, wholly owned by non-executive director Mr. Tseung Hok Ming, reached agreement with Port & Shipping HK to extend the deadline after the buyer indicated that additional time is required to obtain approvals from relevant mainland Chinese regulators—specifically to satisfy condition precedent (iii) under the transaction agreement.

The share disposal will proceed only if all conditions precedent are fulfilled or waived by the new long-stop date. The parties caution that the transaction may ultimately lapse should any requirements remain outstanding.

Dongwu Cement stated it will issue further announcements as necessary. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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