CNBM(03323): Sinoma Science & Technology(002080.SZ) plans to allocate new shares, Zhonglian investment plans to subscribe for about RMB 820 million.

date
29/09/2025
avatar
GMT Eight
China National Building Material (03323) announced that on September 28, 2025, the company's controlling shareholder, China National Building Material Group Limited...
CNBM (03323) announced that on September 28, 2025, its controlling shareholder, China National Building Material Group Co., Ltd. (parent company), through its wholly-owned subsidiary China Building Materials Joint Investment Co., Ltd. (China United Investment), entered into a indicative share subscription agreement with the non-wholly-owned subsidiary A-share listed company of the company, Sinoma Science & Technology Co., Ltd. (Sinoma Science & Technology) (002080.SZ). The agreement concerns Sinoma Science & Technology's plan to issue new shares for cash consideration and to partially issue them to China United Investment. China United Investment will subscribe for a total of approximately RMB 820 million in cash. The proceeds from the proposed share issuance will mainly be used for the projects and operating capital needs of Sinoma Science & Technology.