Henan Zhongyuan Expressway (600020.SH) announced that on November 18, 2024, the company received a notice from the controlling shareholder...
Zhongyuan Expressway (600020.SH) announced that on November 18, 2024, the company received a notice from the controlling shareholder Henan Transport Investment Group Co., Ltd. (referred to as "Transportation Investment Group"). Based on the recognition of the company's value and the confidence in its future sustainable and stable development, as well as to boost investor confidence, effectively protect the interests of investors, promote the company's continued, stable, and healthy development, actively seek financial increment policy support for managing the company's market cap, the group plans to increase its shareholding through the Shanghai Stock Exchange trading system by centralized auction trading within 6 months from the date of the announcement. The total amount of the shareholding shall not be less than 0.1 billion yuan (inclusive) and not more than 0.2 billion yuan, and shall not exceed 2% of the total share capital of the company.
The capital arrangement for the planned shareholding this time includes own funds and self-raised funds, with the self-raised funds being made through a special shareholding loan. On November 15, the Henan Branch of China Construction Bank issued an "Intentional Loan Commitment Letter" to the Transportation Investment Group, agreeing to provide a stock shareholding loan of up to 0.2 billion yuan for the increase in company A shares held by the group, with a term of 1 year.
