China State Construction: The controlling shareholder has secured a loan of 900 million yuan to increase its stake.

date
07/08/2026
China State Construction announced that its controlling shareholder, China State Construction Group, previously disclosed plans to increase its holdings of the company's A-shares within 12 months starting from July 21, 2026, with an investment of 500 million to 1 billion yuan. Recently, China State Construction Group reached a cooperation intention with ICBC, which issued a "Loan Commitment Letter" from its Beijing branch, providing up to 900 million yuan in loans, with a maximum not exceeding 90% of the actual funds used for the increase in shares, specifically for acquiring additional shares of the company. The funding for this increase will come from self-owned funds and loans from financial institutions. The company will continue to monitor and disclose progress.