HKG:2515

2 stories mentioning HKG:2515Updated 31d ago

Every FINWIRES story that references HKG:2515, newest first.

Tianjin Construction Development Agrees to HK$44 Million Share Sale

Tianjin Construction Development Group (HKG:2515) agreed to issue HK$44 million worth of shares to certain investors, according to a Thursday filing with the Hong Kong bourse.The construction services company's shares gained over 14% in morning trade Friday.The company will issue 51.8 million shares at HK$0.85 apiece to the investors. Funds raised will be used primarily for working capital.The shares represent 20% of the company's issued share capital and 16.7% as enlarged by the offering.

HKG:2515

Asia62d ago

Tianjin Construction Development's Controlling Shareholder to Reduce Holding by 28%

Tianjin Construction Development's (HKG:2515) controlling shareholder Wang Wenbin plan to sell up to nearly 72 million shares in the firm through his holding company, Shengyuan Group Holdings (Tianjin), according to a Tuesday Hong Kong bourse filing.The shares, to be disposed of through block trading, representing roughly 27.8% of the construction services firm's issued share capital.Following the proposed disposal, if fully undertaken, Wang will beneficially own 85.5 million, or 33.02%, shares in the company and remain as one of its controlling shareholders.

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