Zhejiang Construction Investment receives approval for asset purchase

** Zhejiang Construction Investment Group Co., Ltd. (SZSE:002761), announced that its application to issue shares to purchase assets and raise matching funds related to the acquisition of key construction assets has been accepted by the Shenzhen Stock Exchange (SZSE). The proposed transaction involves the issuance of shares to acquire stakes in Zhejiang Province's First Construction Group, Second Construction Group, and Third Construction Group from Guoxin Jianxin Equity Investment Fund, alongside a concurrent offering to raise matching funds from the State-owned Capital Operation Company. Upon completion, the transaction will strengthen Zhejiang Construction Investment's control over core construction entities and increase shareholder returns. The independent financial advisor, China International Capital Corporation Limited (CICC), has affirmed the fairness and rationale of the transaction, noting it aligns with regulatory guidelines and will enhance the listed company's strategic positioning. However, shareholders are advised to take caution concerning the complexities in this transaction.