China Communications Construction plans share repurchase and increase
China Communications Construction Company Limited ("CCCC") will repurchase its A-shares with funds between RMB500 million and RMB1,000 million. The shares will be cancelled. Concurrently, its controlling shareholder, China Communications Construction Group (Limited) ("CCCG"), intends to increase its holdings of CCCC's H-shares with funds ranging from RMB250 million to RMB500 million. Both initiatives aim to enhance investor confidence and support the company's ongoing development. The A-share repurchase plan is subject to shareholder approval, while the shareholding increase will be funded through CCCG's own resources. The implementation periods for both the repurchase and shareholding increase will be within 12 months from the date of plan approval and the first shareholding increase, respectively.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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