Bloomberg News

Anhui Conch Cement Shares Fall 14%, Most in More Than 7 Years

September 29, 2008

Anhui Conch Cement Co. (914), China's biggest maker of the construction material, fell the most in more than seven years in Hong Kong trading. The company said it had no explanation.

Anhui plunged 14 percent, the most since Sept. 12, 2001, to close at HK$29.00. Conch was the second-biggest decliner in the MSCI AC Asia Pacific Index (MXAP) today.

The company is unaware of a reason for the decline and has no information to disclose that would explain it, Board Secretary Zhang Mingjing said by phone today.

To contact the reporter on this story: Lee Spears in Beijing at lspears2@bloomberg.net.

To contact the editor responsible for this story: Teo Chian Wei at cwteo@bloomberg.net.


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