Asia Cement (China) Seeks Shareholder Approval to Extend and Upsize Connected Supply Deals to 2028

The latest update is out from Asia Cement (China) Holdings ( (HK:0743) ).

Asia Cement (China) Holdings has entered into supplemental agreements with related parties Asia Cement Corporation, Asia Cement (Singapore) and Alliance Concrete Singapore to revise annual caps for sales and purchases of clinker, cement and slag powder for 2026 and to extend the term of three existing supply agreements to the end of 2028. The move formalises higher transaction limits for these continuing connected transactions, which, given the size thresholds under Hong Kong listing rules, will require independent shareholders’ approval at an extraordinary general meeting, supported by an independent board committee and financial adviser, and may underpin longer-term sales visibility and intra-group supply stability.

Because Asia Cement holds around 73% of the company and controls the Singapore subsidiary and Alliance, the transactions are classified as continuing connected transactions and are subject to reporting, announcement, annual review and independent shareholders’ vote. The company plans to send a circular detailing the revised caps, terms and fairness assessments, enabling minority investors to evaluate whether the extended arrangements are on normal commercial terms, reasonable and in the interests of all shareholders.

More about Asia Cement (China) Holdings

Asia Cement (China) Holdings Corporation is a Cayman Islands-incorporated cement producer listed in Hong Kong. The group, through subsidiaries such as Jiangxi Yadong and Oriental Industrial, focuses on the manufacture and sale of clinker, cement and slag powder, supplying related parties within the wider Asia Cement group and downstream concrete producers in mainland China and Singapore.

Average Trading Volume: 820,549

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.45B

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