# Conch Cement acquires 100% of Conch New Energy for RMB 443 million

Conch Cement announced the acquisition of 100% equity of Conch New Energy Company from Conch Investment Company for a total consideration of RMB 443 million. Conch New Energy is engaged in photovoltaic power generation.

- Type: Acquisition
- Announced: 2021-08-31
- Where: China
- Value: $68.5M (443.0M CNY)
- Status: announced
- Products: photovoltaic power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Conch Cement](https://endata.com/companies/36463.md) (acquirer)
- [Conch New Energy](https://endata.com/companies/57394.md) (target)
- [Conch Investment Company](https://endata.com/companies/57395.md) (investor)

## Sources

- [equalocean.com](https://equalocean.com/briefing/20210831230074585), 2021-08-31: "Conch Cement announced that the company acquired 100% equity of conch new energy company held by conch investment company, with a total transaction consideration of RMB 443 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.