Jidong Cement shares acquired, China

Jidong Development Group bought additional 698,300 shares in Jidong Cement on the secondary market, accounting for 0.05% of the total outstanding shares in the listed arm. The controlling shareholder plans to continue holding expansion in the next six months due to the current market situation.

Essence Securities Co expects Jidong Cement to achieve a net profit of CNY324m and sales are expected to reach 34Mt.