China Nuclear Construction: Five subsidiaries plan to introduce Industrial and Commercial Bank of China for investment and increase capital, with a total increase of 5 billion yuan.
China Nuclear Construction announced on the evening of December 22 that its subsidiaries, China Nuclear Industry 23 Construction Co., Ltd., China Nuclear Industry Second Construction Co., Ltd., China Nuclear Industry Huaxing Construction Co., Ltd., China Nuclear Industry Fifth Construction Co., Ltd., and CNPCC Huachen Construction Engineering Co., Ltd., plan to introduce Industrial and Commercial Bank of China Financial Assets Investment Co., Ltd. through a non-public agreement to increase capital through market-oriented debt-to-equity swaps, with a total capital increase of 5 billion yuan. The increased capital is intended to be used to repay loans from financial institutions of the target companies.
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