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China Communications Construction to Issue 3.5bn A Shares
[September 26, 2011]

China Communications Construction to Issue 3.5bn A Shares


BEIJING, Sep 26, 2011 (SinoCast Daily Business Beat via COMTEX) -- IPO application of China Communications Construction Co., Ltd. (CCCC, HKEX: 1800) is to be examined and verified by the main board committee of the CSRC (China Securities Regulatory Commission) on September 28.



China Communications Construction plans to issue 3.5 billion shares, which accounts for 19.1% of 18.325 billion shares, total capital stock after the issuance. China Communications Construction plans to raise at most CNY 20 billion to invest in dredging ship purchase, engineering vessel and mechanical equipment purchase, etc. In addition, it plans to go public on the Shanghai Stock Exchange. The financing of China Communications Construction will surpass that of Sinohydro Group, Ltd. (SHSE: 601669) and Shaanxi Coal Chemical Group Co., Ltd.

Source: www.nbd.com.cn (September 26, 2011)

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