---
title: "The controlling shareholder of FUJIAN EXPRESSWAY intends to increase its holdings in the company by no more than 2%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/224894215.md"
description: "Fujian Expressway's controlling shareholder, Fujian Provincial Expressway Group Co., Ltd., plans to increase its holdings of the company's A-shares through centralized bidding transactions within the next 12 months, with an increase amount between 130 million yuan and 230 million yuan, and the increase ratio not exceeding 2%. Industrial Bank Fuzhou Branch has provided special loan support of no more than 200 million yuan to the Provincial Expressway Group, with a loan commitment letter valid for 3 years, and the remaining funds will be borne by the Provincial Expressway Group's own funds"
datetime: "2025-01-14T11:26:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/224894215.md)
  - [en](https://longbridge.com/en/news/224894215.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/224894215.md)
generator: "portal-rs"
---

# The controlling shareholder of FUJIAN EXPRESSWAY intends to increase its holdings in the company by no more than 2%

According to the Zhitong Finance APP, Fujian Expressway (600033.SH) announced that the company recently received a notice from its controlling shareholder, Fujian Provincial Expressway Group Co., Ltd. (referred to as Provincial Expressway Group), indicating that the Provincial Expressway Group plans to increase its holdings of the company's A-shares through the Shanghai Stock Exchange trading system via centralized bidding within 12 months from the date of the announcement. The total amount of the increase will not be less than RMB 130 million (inclusive) and not exceed RMB 230 million, with the increase not exceeding 2% of the company's total share capital.

According to the "Notice on the Establishment of Stock Repurchase and Increase Re-loan Matters" issued by the People's Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission, recently, the Fuzhou Branch of Industrial Bank Co., Ltd. issued a "Loan Commitment Letter" to the Provincial Expressway Group, agreeing to provide a special loan of no more than RMB 200 million for the Provincial Expressway Group to increase its holdings of the company's A-shares, with the commitment letter valid for 3 years from the date of issuance. Apart from the aforementioned loan, the remaining funds for this A-share increase will be from the Provincial Expressway Group's own funds

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**