Guangzhou Metro Design & Research Institute (003013.SZ) plans to issue additional shares to acquire 100% equity of Guangzhou Metro Engineering Consulting Company. Trading will resume on January 21st.
20/01/2025
GMT Eight
Guangzhou Metro Design & Research Institute (003013.SZ) disclosed the issuance of shares to purchase assets and raise matching funds as well as a related party transaction proposal. The company plans to purchase 100% equity of Guangzhou Metro Engineering Consultancy Co., Ltd. held by Guangzhou Metro Group through the issuance of shares and raise matching funds from up to 35 specific investors in accordance with the regulations of the China Securities Regulatory Commission. The issuance price for purchasing assets through the issuance of shares is 12.15 yuan per share, and the final transaction price of the target assets has not been determined.
The total amount of matching funds raised this time shall not exceed 100% of the transaction price for the issuance of shares to purchase assets, and the number of shares issued shall not exceed 30% of the total share capital of the listed company after the completion of this issuance.
The announcement shows that the target company is an engineering consultancy company that provides professional technical services for urban rail transit, municipal, and construction projects. Its main business includes engineering supervision, project management, and technical advice in the fields of urban rail transit, municipal, and construction, with the core business being engineering supervision for urban rail transit.
After this transaction, the listed company will enhance its business modules including engineering supervision, project management, and technical advice for rail-related services. The business chain will extend from planning and feasibility studies for engineering projects to engineering supervision and project management, providing more comprehensive and integrated engineering consultancy services to the market.
In addition, the company will resume trading from January 21, 2025.