HK Stock Market Move | WESTCHINACEMENT(02233) up more than 4% as Morotto 6000T/D clinker cement production line Phase I goes into operation. The company previously acquired a South African cement giant.

WESTCHINACEMENT (02233) rose more than 4%, rising 4.15% to HKD 2.51 at the time of writing, with a turnover of HKD 34.33 million. On the news front, on April 24th, the Moroto 6000T/D clinker cement production line under the West China Cement Group's Yaobai International Group was officially completed and put into operation. According to the official WeChat account of Yaobai International Group, the Moroto 6000T/D clinker cement project is a benchmark for West China Cement's deep cultivation of the African market, with a total investment of USD 250 million, clinker production capacity of 2 million tons, annual cement production of 3 million tons, and a production value of USD 300 million. While meeting the domestic demand in Uganda, it also effectively radiates the Great Lakes region in western Kenya, greatly enhancing the company's supply chain resilience in East Africa. Earlier, West China Cement entered into a share purchase and subscription agreement with South Africa's Africa Sam company, agreeing to acquire Africa Sam company's shares for USD 145 million (equivalent to approximately RMB 998 million). After the completion of this transaction, West China Cement will fully own Africa Sam company. At the same time, the Group remains optimistic about the long-term growth potential of the Southern African market.