Group 1 - Western Cement (02233) opened over 5% higher, currently up 5.04% at HKD 1.46, with a trading volume of HKD 5.1596 million [1] - The company announced plans to sell its companies and assets in Xinjiang on June 24, 2025, with multiple transactions involving different buyers and sellers [1] - Transaction A involves the sale of equity for RMB 398 million, Transaction B for RMB 161.5 million, Transaction C for RMB 920.5 million, and Transaction D for RMB 170 million, all subject to adjustments [1] Group 2 - The target companies are wholly-owned subsidiaries of Seller A, primarily engaged in the manufacturing and sales of cement and related products, as well as waste management services [2] - The assets for sale were acquired and built between 2011 and 2020 and have positively contributed to the group's profitability in recent years [2] - The board believes that the net proceeds from the sale will be better utilized to repay part of the company's issued preferred notes (interest rate of 4.95%) and to release operating cash flow to support expansion projects, particularly in Africa [2]
港股异动 | 西部水泥(02233)高开逾5% 拟出售新疆公司及资产 释放营运现金流以支持公司扩张项目