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Anhui Construction Engineering Group Crowned with Complete Success on Overall Listing
Overseas Branch  |  Updated: 2017-07-10  |  Views: 6591
On June 30, 2017, Anhui Construction Engineering Group got 463, 554, 265 new shares checked in with China Securities Depository and Clearing Co., Ltd. Shanghai Branch and it marks the Group’s overall listing completed and the total share capital listed increased from 904 Million to 1.222 Billion shares and the proportion of state-owned capital holdings increased from 16.07% to 37.92%.
 
Anhui Construction Engineering Group officially launched its overall listing work on October 20, 2015 and under the leadership of and strong support from the Provincial Government and Provincial State-owned Assets Supervision and Administration, the Group has overcome many difficulties and challenges and carried the work steadily and rapidly forward through elaborate organization, careful arrangement and joint efforts of relevant parties. On December 28, 2016, China Securities Regulatory Commission Officially approved the Group of implementing merger and raising matching funds and deployment of overall listing works and the date of May 31, 2017 was the assets for delivery date and the base date of the assets audit delivery and works such as the transfer of assets and property and share register, etc. should be handled smoothly.  
 
The Group will take this event of overall listing as an opportunity to vigorously promote its structural adjustment and transformation and upgrading, promote the integration with the markets, stimulate its vitality and improve its efficiency and a modern enterprise system should be established and the corporate governance structure and institutional mechanism and management model innovation and the level of enterprise management should be improved and from now forward, full use of the capital market financing function and resource allocation function should be made and to realize two-wheel drive --- the industrial development and the capital operation; and to promote its enterprise standard management and sustainable development and enhance its core competitiveness and comprehensive strength.