Shanghai Stock Exchange has approved an application by Shenzhen Expressway (HKG:0548, SHA:600548) and its parent Shenzhen International (HKG:0152) to issue up to 654.2 million new A-shares to specific targets.
The shares represent 30% of Shenzhen Expressway's share capital.
Shenzhen Expressway expects to raise 6.5 billion yuan from the share sale, according to an earlier filing.
Shenzhen International subsidiary XTC will subscribe for up to 1.51 billion yuan of the shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments