CCCC plans A-share repurchase and 2025 budget approval
China Communications Construction Company Limited (HKEX: 1800) has released a supplemental circular detailing plans for an A-share repurchase program and seeking approval for its comprehensive budget for 2025 at the Annual General Meeting (AGM) scheduled for June 16, 2025. The proposed A-share repurchase plan aims to enhance shareholder value and investor confidence, with the company planning to repurchase shares via centralized bidding. The total funds allocated for the repurchase will range from RMB500 million to RMB1 billion, with an average repurchase price not exceeding RMB11 per share. The company intends to cancel all repurchased A-shares, reducing its registered capital. CCCC also seeks approval for its 2025 comprehensive budget, targeting a year-on-year new contract value growth of at least 7.1% and revenue growth of no less than 5%. Shareholders are urged to review the supplemental circular and submit their proxy votes by June 15, 2025.
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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