Zhejiang Construction Investment M&A deal clears Shenzhen Stock Exchange hurdle

Zhejiang Provincial Construction Investment Group Co., Ltd. announced that its proposal to issue shares for asset purchases and raise supporting funds has been approved by the Shenzhen Stock Exchange's Mergers and Acquisitions and Restructuring Review Committee. The committee's 11th review meeting of 2025, held on November 27, 2025, determined that the transaction complies with restructuring conditions and information disclosure requirements.

The company plans to acquire 13.05% of Zhejiang No. 1 Construction Group Co., Ltd., 24.73% of Zhejiang No. 2 Construction Group Co., Ltd., and 24.78% of Zhejiang No. 3 Construction Group Co., Ltd. from Guoxin New Energy Equity Investment Fund (Chengdu) Partnership (Limited Partnership) through a share issuance. This transaction also includes the issuance of shares to raise supporting funds.

While the Shenzhen Stock Exchange has given its approval, the transaction still requires registration approval from the China Securities Regulatory Commission. The company cautions that the final approval and timing remain uncertain and advises investors to exercise caution.