Tianjin Construction Development Group Issues Supplemental Placing Announcement

Reuters02-23
Tianjin Construction Development Group Issues Supplemental Placing Announcement

Tianjin Construction Development Group Co., Ltd. issued a supplemental announcement amending details of its planned share placing, specifying that the closing date will be any business day no later than March 11, 2026 (or a later agreed date). The company also provided additional disclosure on the placing rationale and use of proceeds, allocating 34.3% to establish a new company to build an AI-enabled construction machinery leasing platform, 31.5% to general working capital, and 34.2% for potential future investments, while stating other information in the original announcement remains unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tianjin Construction Development Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260223-12027967), on February 23, 2026, and is solely responsible for the information contained therein.

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