The hottest China Construction Engineering Group p

2022-08-08
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China Construction Engineering Group Co., Ltd. (hereinafter referred to as "China Construction Engineering Group"), China's largest construction enterprise group, may be listed on a shares before next March. Kongqingping, the president of the company's subsidiary China Overseas Development (), said yesterday that the work related to the overall listing of a shares issued by China Construction Engineering Group has begun

China State Construction Engineering Corporation (hereinafter referred to as CSCEC), the largest construction enterprise group in China, may be listed on a shares before March next year. Kongqingping, President of the company's subsidiary China Overseas Development (), said yesterday that the work related to the overall listing of 88% of the global medical device market by the top 50 multinational companies listed in the A-shares issued by China Construction Engineering Group has begun

China overseas is a subsidiary listed in Hong Kong by China Construction Engineering Group. It is a red chip stock whose main business is in China but registered overseas. Although Kongqingping, the president of the company, previously said that the company intends to return to A-share listing in the form of issuing CDR (China depositary receipts), there is no timetable for the relevant plans because the bill on the return of red chips to A-share has not yet been issued

however, the matter changed unexpectedly yesterday. Kongqingping said in a media activity of the company yesterday that China Construction Engineering Group intends to be listed on the A-share market as a whole, and the listing location is expected to be Shanghai Stock Exchange. At present, the relevant preparatory work has been carried out in an all-round way, and the goal is to complete the listing before March next year

China Overseas A-share listing plan has been temporarily shelved. "Red chip companies whose parent companies have been listed in the mainland or whose subsidiaries have been listed in the mainland will not be included in the list of returning a shares for the time being." Recently, the media quoted relevant regulators as saying that the relevant departments are currently formulating Pilot Measures for domestic investment in overseas joint stock limited companies to issue a shares for listing, which will specify the issuance conditions for red chips to return to a shares

China Construction Engineering Group Co., Ltd. is the largest construction enterprise group in China and the largest international contractor. In fact, it ranks first among manufacturers with very small strain for the construction of housing projects in the world. According to the station of China Construction Engineering Group, the company currently has 17 domestic construction engineering companies, research institutions for relevant fatigue test and analysis methods, and 16 overseas offices and agencies

in fact, under the "call" of the hot A-share market, the return trend of high-quality state-owned enterprises listed overseas has emerged since last year. In order to speed up the pace of central enterprises' return to a shares and let the mainland capital market share the growth of central enterprises, SASAC and other relevant departments have frequently expressed their positions to promote the return and overall listing of central enterprises

at present, large and high-quality companies including China Mobile and PetroChina have joined the team waiting for "overseas returnees". However, as the stock index has been operating at a high level and the legal issues related to the return of red chips have yet to be resolved, the A-share issuance plans of many "quasi returnees" companies have not been determined. China Overseas Development () closed at HK $10.44 yesterday, up 1.16%

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