China Nuclear Engineering announced that it has received a State-owned Assets Supervision and Administration Commission approval forwarded by its controlling shareholder. The SASAC has in principle agreed to the company's plan to issue no more than 407.18 million A-shares and raise no more than 4 billion yuan. The matter still requires approval from the company's shareholders' meeting, review by the Shanghai Stock Exchange, and registration consent from the China Securities Regulatory Commission before implementation.
China Nuclear Engineering CoSASAC approval for up to 4 billion yuan private placement provides capital for growth