FilingReader Intelligence

China Construction parent boosts stake by RMB 600m

February 20, 2025 at 01:48 PM UTCBy FilingReader AI

China State Construction Group (CSCG), the parent of China State Construction Engineering Corp (CSCEC) has increased its holdings in the listed company by 97,900,588 A shares between January 16, 2025, and February 11, 2025. This brings CSCG's total stake increase to 107,900,588 shares, representing approximately 0.26% of CSCEC's total share capital. The total investment amounted to RMB 600,055,613.04 (excluding taxes and fees), reaching 50% of the upper limit of its planned RMB 600 million to RMB 1.2 billion investment. CSCG now holds 23,839,442,525 A shares, or approximately 57.69% of CSCEC's total issued share capital. The company noted that the buyback plan is not yet complete, and its implementation could be affected by fluctuations in the overall capital market.

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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