Shandong Hi-Speed Road & Bridge Seeks to Boost Subsidiary's Capital via Public Listing

MT NewswiresNov 25 02:15 ET

shandong hi-speed road & bridge group (000498.SZ): The road & bridge group plans to publicly list and increase capital to introduce external investors.

GeLongHui on November 22nd: Shandong Hi-Speed Road & Bridge Group (000498.SZ) announced that the company plans to increase the capital of its wholly-owned subsidiary Shandong Province Road & Bridge Group Co., Ltd. (hereinafter referred to as "Bridge Group") by publicly listing and introducing external investors, with a capital increase not exceeding 4 billion yuan. After the capital increase, the proportion of Bridge Group's equity held by external investors will not exceed 28.87%, and the company will waive its preferential subscription rights in this capital increase and equity expansion. This capital increase and equity expansion will not result in changes to the company's consolidated financial statements. After the capital increase is completed, the company will still be the controlling shareholder of the Bridge Group.

Gelonghui FinanceNov 22 07:27 ET

Private Companies in Shandong Hi-Speed Road&Bridge Group Co., Ltd. (SZSE:000498) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 6.1% Last Week

Simply Wall StOct 31 18:28 ET

Shandong Road and Bridge: Announcement on business conditions for the third quarter of 2024

SZSIOct 30 12:00 ET · Announcements

Shandong Road and Bridge: Report for the third quarter of 2024

SZSIOct 29 12:00 ET · Announcements

Shandong Hi-Speed Road & Bridge Group (000498.SZ): net income for the first three quarters was 1.456 billion yuan, a year-on-year increase of 3.52%.

Shandong Hi-Speed Road & Bridge Group (000498.SZ) announced its third quarter report for 2024 on October 29. The company achieved revenue of 42.679 billion yuan in the first three quarters, a decrease of 6.33% year-on-year; net income attributable to shareholders of the listed company was 1.456 billion yuan, an increase of 3.52% year-on-year; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.31 billion yuan, an increase of 2.77% year-on-year; and basic earnings per share were 0.7292 yuan.

Gelonghui FinanceOct 29 09:27 ET