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BSAM Supports Beijing Municipal Road and Bridge Co., Ltd to Increase Capital and Share and Launch Diversified Ownership Reform

Date:2017-09-22  count:1

On September 21, Beijing Municipal Road and Bridge Co., Ltd held capital increase agreement signing ceremony in China Beijing Equity Exchange. BSAM, Beijing Capital Group and Beijing Infrastructure Investment Co., Ltd jointly assist Beijing Municipal Road and Bridge Co., Ltd to introduce Shanghai Golden Brick Equity Investment Fund. Meng Tao (Deputy Director of Beijing SASAC) and relevant leaders of Beijing Municipal Road and Bridge Co., Ltd, Shanghai Golden Brick Equity Investment Fund, Beijing Capital Group and Beijing Infrastructure Investment Co., Ltd attended this signing ceremony. Zhi Jun (President of BSAM), Sun Jing (Vice President of BSAM) and major leader of China Beijing Equity Exchange also attended.

The current campaign of increase in capital and share thoroughly follows the keynote of central authorities on “introduction of all kinds of investors to achieve equity diversification”, and actively complies with requirements of the CPC Beijing Committee, Beijing Municipal Government and Beijing Municipal SASAC for making faster progress in the reform of municipal state-owned enterprises. This also marks formal kickoff of Diversified Ownership Reform in Beijing Municipal Road and Bridge Co., Ltd. In the future, Beijing Municipal Road and Bridge Co., Ltd, BSAM, Beijing Capital Group and Beijing Infrastructure Investment Co., Ltd will join hands with Shanghai Golden Brick Equity Investment Fund, actively promote the listing process of Beijing Municipal Road and Bridge Co., Ltd, strive to make Beijing Municipal Road and Bridge Co., Ltd a first-class integrated service provider engaged in infrastructure construction, conservation, operation and management, and set a good example for municipal state-owned enterprises for diversified ownership reform.

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