Express News | China Communications Construction Says Unit Plans to Buy 60% Stake in Infrastructure Firm for Around 1.6 Bln Yuan

Reuters03:24 ET

China Communications Construction (601800.SH): A subsidiary intends to implement an internal equity restructuring.

On December 23, Greentown announced that China Communications Construction (601800.SH) reported that the Board of Directors has agreed to the internal equity restructuring of the company's holding subsidiary. The company's holding subsidiary, China Communications Asset Management Co., Ltd. (referred to as China Communications Asset Management), will acquire 60% of the shares of China Communications Infrastructure Maintenance Group Co., Ltd. (referred to as China Communications Maintenance) held by the company through a private agreement, with a transaction price of approximately 1,606.7695 million yuan (subject to the appraisal filing results); upon completion, China Communications Asset Management will hold 100% of the shares of China Communications Maintenance.

Gelonghui Finance03:16 ET

China Communications Construction's Unit Redeems $1 Billion of Outstanding Securities

MT NewswiresDec 19 06:22 ET

CHINA COMM CONS (01800.HK): CCCI Treasure Limited has withdrawn the listing of its US dollar subordinated perpetual ​Bonds.

On December 19, it was announced by CHINA COMM CONS (01800.HK) that CCCI Treasure Limited (the "Issuer") issued a notice on November 18, 2024, informing bondholders of its intention to redeem all outstanding notes on December 19, 2024 (the "Redemption Date"). The Issuer has redeemed the total principal amount of 1 billion USD of all outstanding securities on the Redemption Date, along with the accrued but unpaid interest up to the Redemption Date (excluding that day). The securities were canceled after the redemption was completed. The principal amount of the remaining outstanding securities.

Gelonghui FinanceDec 19 04:04 ET

China Communications Construction (HKG:1800) Has A Somewhat Strained Balance Sheet

Simply Wall StDec 18 21:03 ET

Hong Kong stocks closed (12.18) | The Hang Seng Index rose by 0.83% as market cap management catalyzed the rise of special valuations, with Autos and Semiconductors both seeing gains.

Hong Kong stocks stopped falling and rebounded today, with the three major indices having a rapid increase in the afternoon. The Hang Seng Index and the National Index both rose more than 1%, while the Hang Seng Technology Index once increased by over 2%.

Zhitong FinanceDec 18 03:43 ET