According to the information given to Hong Kong Stock Exchange, Credit Suisse Group AG has sold 805,174 shares in Anhui Conch Cement Co worth HK$ 21.95 m (US$ 2.8 m). Switzerland financial institution still holds 103.10 m shares in the Anhui Province-based cement producer, accounting for a 7.93 per cent stake.
Anhui Conch has issued a official statement that it expects first-half net profit to be up by about 90 per cent YoY compared to CNY 3.06 bn (US$ 492.75 m) a year earlier.