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An update from China Communications Construction Co ( (HK:1800) ) is now available.
China Communications Construction Company Limited announced a capital increase in Seventh Highway Engineering, amounting to RMB346.3443 million. This transaction will result in Seventh Highway Engineering no longer being a subsidiary of the company, and its financial results will not be consolidated into the company’s financial statements. The capital increase is classified as a connected transaction under Hong Kong Listing Rules, requiring an announcement but exempt from independent shareholders’ approval.
More about China Communications Construction Co
China Communications Construction Company Limited is a major player in the infrastructure and engineering industry, primarily focusing on the construction of highways, bridges, and other large-scale infrastructure projects. The company operates with a significant market presence in China and is involved in various international projects.
Average Trading Volume: 19,770,798
Current Market Cap: HK$145.2B
See more insights into 1800 stock on TipRanks’ Stock Analysis page.