Summary by Moomoo AI
ANHUI CONE CEMENT CO., LTD. ANNOUNCED THAT ITS PARTNERSHIP ENTERPRISE (LIMITED PARTNERSHIP), WHICH PARTICIPATED IN THE ESTABLISHMENT OF THE CHINESE BUILDING MATERIALS (ANHUI) NEW MATERIALS INDUSTRY INVESTMENT FUND (LIMITED PARTNERSHIP), HAS COMPLETED ITS INITIAL FUNDRAISING, WITH AN ACTUAL RAISING OF RMB 150 BILLION. Conch Cement agreed to pay RMB 16 billion as a limited partner. The Fund is operated by China Building Materials Private Fund Management (Beijing) Limited as a general partner and fund manager and is jointly funded with other partners. In addition, Conch Cement also invested in China Construction Materials (Anhui) New Materials Fund Management Co., Ltd., with a stake of 7.62%. A notice from the Building Materials Private Fund in the fund manager states that all of the partners' investments are in place. Conch Cement will continue to monitor the Fund's further progress and fulfill its obligation to disclose information in a timely manner in accordance with relevant regulations. The announcement date is 7 February 2024.