China Nuclear Engineering & Construction Corporation Limited Plans to Raise Up to 4 Billion Yuan via Private Placement

Stock News05-22

China Nuclear Engineering & Construction Corporation Limited (601611.SH) has disclosed its plan for a private placement of shares to specific investors in 2026. The company intends to issue up to 904 million shares, aiming to raise a maximum of 4 billion yuan. After deducting issuance expenses, the net proceeds will be fully allocated to the following projects: the nuclear island and its supporting civil and installation works for Units 1 and 2 of the Zhejiang Jin Qimen Nuclear Power Plant; the nuclear island and its supporting BOP civil works for Units 1 and 2 of the first phase of the Jiangsu Xuwei Nuclear Heating and Power Plant; and the repayment of bank loans.

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