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Ningbo Construction (601789.SH): The issuance of shares to purchase Assets has been approved by the Ningbo Municipal State-owned Assets Supervision and Administration Commission.
On December 16, Gelonghui reported that Ningbo Construction (601789.SH) announced that the company intends to acquire 100% equity of Ningbo Transportation Engineering & Construction Group Co., Ltd. (hereinafter referred to as "this Trade") through issuing shares. This Trade constitutes a related party transaction and does not constitute a backdoor listing. On December 16, 2024, the company received the "Approval on Agreeing to the <Ningbo Construction Co., Ltd. Issued Shares to Purchase Asset Restructuring Plan>" (No. 44 [2024] of the Ningbo Municipal Government State-owned Assets Supervision and Administration Commission), which agrees to the public...
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