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China Communications Construction Design (600720.SH): The subsidiary plans to reduce its capital in its affiliated company.
On December 25, Gelonghui reported that China Communication Design (600720.SH) announced that its wholly-owned subsidiary, China Communication Highway Planning and Design Institute Co., Ltd. (referred to as the Planning Institute), plans to reduce the registered capital of its project company from 597.52 million yuan to 100 million yuan, and accordingly adjust the shareholding ratio. After completing this capital reduction for the project company, the investment amount of the Planning Institute will decrease from 26.89 million yuan to 5 million yuan, and its shareholding ratio will increase from 4.5% to 5%.
Is CCCC Design & Consulting Group Co., Ltd.'s (SHSE:600720) Latest Stock Performance A Reflection Of Its Financial Health?
China Communications Design (600720.SH) jointly won the bid for the S24 Hangzhou-Hefei Expressway Wuhu Taishan Road Yangtze River Bridge and connecting line project Operation.
China Communications Construction Company Design (600720.SH) announced that its wholly-owned subsidiary China Communications Highway Planning and Design Institute Co., Ltd. (...)
China Communications Construction Design (600720.SH): China Communications Capital has cumulatively increased its shareholding by 0.5%.
Gelonghui reported on December 11 that China Communications Construction Design (600720.SH) announced that from September 10, 2024, to December 10, 2024, China Communications Capital will accumulate an increase in shareholding of 11,526,995 shares of the company through the Shanghai Exchange's trading system via centralized bidding, accounting for 0.50% of the total share capital of the company, with an increase amount of 100.0003 million yuan (excluding transaction fees), and the total increase amount has exceeded the lower limit of the planned increase.
China Communications Construction Design Co., Ltd. (600720.SH): A subsidiary has formed a consortium with related parties to bid for a project worth 15.506 billion yuan.
On December 11, Gelonghui reported that China Communications Construction (600720.SH) announced that its wholly-owned subsidiary, the Public Planning Institute, formed a consortium with the company's controlling shareholder, China Communications Construction, and four other companies, including the Second Navigation Bureau, the Fourth Company of the Second Navigation Bureau, China Communications Leasing, and the First Public Bureau Group, to win the bid for the S24 Hangzhou-Huhe-Huan Highway Wuhu Taishan Road Yangtze River Bridge and Connection Project's concession. The main line of the project is approximately 30.88 km long, with a total estimated investment of around 15.506 billion yuan. The project's self-raised capital ratio is not less than 20%, which is about 3.1012 billion yuan. Among them, the equity ratio of the Public Planning Institute is 0.1%, and it is required to
Guotou Securities: dual-drive of debt-to-equity conversion and market cap management, multiple state-owned enterprises in the construction sector are blossoming in multiple locations.
Since the beginning of this year, China's policy on debt-for-equity swaps has been continuously strengthened. In November 2024, the Ministry of Finance announced a 10 trillion yuan debt-for-equity swap policy, the most significant effort in recent years, with the expectation of a substantial reduction in financial pressure on local governments.
CCCC Design & Consulting Group Co., Ltd. (SHSE:600720) Not Flying Under The Radar
