First Central Enterprise Capital Increase Project Listed on CBEX after the New No. 3 Order Announced
On July 11, the Capital Increase Project of China Merchants Huajian Highway Investment Co., Ltd. was officially listed on the China Beijing Equity Exchange (CBEX), proposing to publicly raise a total amount of no more than 17 billion yuan, a corresponding shareholding ratio of no more than 35% on a proposed listing window of 40 working days. This project was the first central enterprise capital increase project that debut on the property right market after Measures for the Supervision and Administration of State-Owned Assets Transaction of Enterprises (No. 32 of the Ministry of Finance and the State-Owned Assets Supervision and Administration Commission of the State Council) was published.
CBEX’s Capital Increase Business System officially came on line on June 30 this year, and accessed the capital increase business monitoring system of the State-Owned Assets Supervision and Administration Commission of the State Council. From the beginning of 2014 up to now, CBEX has listed and completed 23 capital increase projects from 20 central enterprises and ministries/commissions, totaling 29.1 billion yuan in amount for the increased capital, leading the way for the industry. With the advancement of the “New No 3 Order,” the market is expected to expand in scale.
(Contributed by CBEX)