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