China State Construction completes new share subscription

China State Construction International Holdings Limited (HKEX:3311) has announced the completion of the subscription of new shares under its general mandate. The completion took place on March 14, 2025, with 244,600,000 subscription shares issued, representing approximately 4.63% of the enlarged issued share capital. These shares were allotted to the nominee of the subscriber at a price of HK$12.26 per share. The company anticipates net proceeds of approximately HK$2.999 billion from the issue, which are earmarked for the purposes previously disclosed in the initial announcement. Post-subscription, China Overseas Holdings Limited maintains a 61.81% stake, while the subscriber group's holding increases to 8.02%.