The latest announcement is out from Sichuan Expressway Co ( (HK:0107) ).

Sichuan Expressway Company Limited’s board has proposed a new general mandate to issue additional A and H shares, allowing it to raise equity of up to 20% of its existing A and H share capital to enhance flexibility and seize market opportunities. Subject to shareholder approval at an extraordinary general meeting, the company could issue up to 432,548,000 A shares and 179,064,000 H shares, giving it substantial headroom for future financing.

Under this general mandate, the board has also approved a planned issuance of up to 432,548,000 new A shares to no more than 35 specific targets, aiming to raise up to RMB 3.18 billion. The transaction, which remains conditional on shareholder and regulatory approvals, could meaningfully strengthen the firm’s capital base but may dilute existing shareholders, and investors are cautioned that the deal may or may not proceed depending on whether all conditions are met.