CSRC: Approved Xiamen Port Holding to issue 797 million shares to purchase assets.
The China Securities Regulatory Commission has approved Xiamen Port Holding Group to issue 7.97 billion shares to Xiamen International Port Co., Ltd. to purchase related assets, and to raise supporting funds of no more than 3.5 billion yuan. Xiamen Port Holding Group must strictly follow the application documents submitted to the Shenzhen Stock Exchange for the issuance, fulfill information disclosure obligations, and handle relevant procedures. This approval is valid for 12 months from the date of issuance.
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