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Hong Kong stocks fluctuate | Infrastructure stocks fell in early trading, with the construction industry's performance under significant pressure in the first three quarters, and convertible bonds expected to repair corporate balance sheets.
Infrastructure stocks fell in the morning session, as of the time of writing, China Railway Construction Corporation (01186) fell by 3.5%, closing at 5.52 Hong Kong dollars; CRRC Corporation (01766) fell by 3.29%, closing at 5 Hong Kong dollars; China Communications Construction (01800) fell by 3.24%, closing at 5.37 Hong Kong dollars; China Railway (00390) fell by 2.92%, closing at 3.99 Hong Kong dollars.
Express News | China Communications Construction set up Dalian Investment to establish the far-reaching sea resources development company.
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Hong Kong stock concept tracking | Infrastructure in the fourth quarter is expected to accelerate, institutions focus on the high-quality development of central state-owned enterprises under the background of debt-to-equity swaps (with concept stocks)
Part of the bond funds will be used to repay the debts of architecture engineering companies, directly benefiting related businesses.
Express News | Nearly 20 A-share listed companies disclosed the latest announcements of mergers and acquisitions this week. cccg real estate corporation plans to acquire 100% equity of cccg service for 0.7 billion yuan.
China Comm Cons (01800.HK) subsidiary intends to transfer 39% equity of China Comm Service.
Geelong Hui November 1st, China Communications Construction Group (01800.HK) announced that, after deliberation at the 40th meeting of the fifth board of directors, on November 1, 2024, China Communications Group, China Communications Real Estate, CCCG Real Estate Corporation (both subsidiaries of China Communications Group), China Communications Investment, and a public bureau group (both subsidiaries of the company) entered into an equity transfer agreement. Accordingly, China Communications Group, China Communications Real Estate, China Communications Investment, and the public bureau group have conditionally agreed to sell and CCCG Real Estate Corporation has conditionally agreed to acquire 10%, 51%, 15%, and 24% equity of China Communications Services respectively, at a price of RMB 6999.
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