---
title: "Zhejiang Construction Investment's issuance of shares to purchase assets has been approved by the Zhejiang Provincial State-owned Assets Supervision and Administration Commission"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240855631.md"
description: "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"
datetime: "2025-05-19T13:07:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240855631.md)
  - [en](https://longbridge.com/en/news/240855631.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240855631.md)
---

# Zhejiang Construction Investment's issuance of shares to purchase assets has been approved by the Zhejiang Provincial State-owned Assets Supervision and Administration Commission

According to the Zhitong Finance APP, Zhejiang Construction Investment (002761.SZ) announced that the company plans to issue A-shares to purchase minority equity stakes in Zhejiang First Construction Group Co., Ltd., Zhejiang Second Construction Group Co., Ltd., and Zhejiang Third Construction Group Co., Ltd. held by Guoxin Jianyuan Equity Investment Fund (Chengdu) Partnership (Limited Partnership) and to issue shares to its controlling shareholder, Zhejiang State-owned Capital Operation Co., Ltd., to raise matching funds (hereinafter referred to as "this transaction").

On May 16, 2025, the company received the "Reply from the State-owned Assets Supervision and Administration Commission of Zhejiang Province on Approving the Construction Group Company's Issuance of Shares to Purchase Assets and Raise Matching Funds" (Zhe Guo Zi Chan Quan \[2025\] No. 8) issued by the State-owned Assets Supervision and Administration Commission of Zhejiang Province (hereinafter referred to as "Zhejiang SASAC"), which in principle agreed to the company's transaction plan

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