Conch Cement (00914) plans to invest approximately 561.6 million yuan to acquire 100% equity of Conch Design Institute.

Wisdom Financial News APP, Conch Cement (00914) announced that on June 24, 2026, the company (as the transferee), Conch Group (as the transferor), and Conch Design Institute (as the target company) signed a equity transfer agreement. According to this agreement, the company intends to acquire 100% equity of Conch Design Institute held by Conch Group, with a purchase price of approximately RMB 561.6 million. After the completion of the acquisition, Conch Design Institute will become a direct wholly-owned subsidiary of the company.