Dec 21, 2021 07:48 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 21 - Western Construction announced that the company plans to issue domestic listed RMB common shares (A shares) to CSCEC Southwest Institute and conch cement by means of non-public offering. The number of shares in this non-public offering is 280 million shares, which does not exceed 30% of the company's total share capital before issuance. Among them, CSCEC Southwest Institute plans to subscribe for 29 million shares and conch cement plans to subscribe for 251 million shares. This non-public offering constitutes a connected transaction.