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Shandong Hi-Speed Road & Bridge: Subsidiary Road & Bridge Group Plans to Publicly List for Additional Capital Increase and Stock Expansion
On November 22nd, Jinshi Data reported that Shandong Road & Bridge announced in the evening that the company plans to increase the capital of its wholly-owned subsidiary, Shandong Road & Bridge Group Co., Ltd., by introducing external investors through public listing, with the amount of increase not exceeding 4 billion yuan. After the capital increase is completed, the proportion of equity held by external investors in Road & Bridge Group will not exceed 28.87%. The company will waive its preferential subscription rights in this capital increase and expansion. This capital increase and expansion will not cause any changes in the scope of the company’s consolidated financial statements. After the capital increase is completed, the company will still be the controlling shareholder of Road & Bridge Group.