Zhejiang Construction Investment's issuance of shares to purchase assets has been approved by the Zhejiang Provincial State-owned Assets Supervision and Administration Commission
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ZCIGC has received approval from the Zhejiang Provincial State-owned Assets Supervision and Administration Commission to issue A-shares to purchase minority equity in Zhejiang Construction No. 1, No. 2, and No. 3. It also plans to raise supporting funds from its controlling shareholder. This transaction plan has received preliminary consent from the Zhejiang Provincial State-owned Assets Supervision and Administration Commission
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