Xinjiang Construction plans to invest 20.4 million yuan to establish a holding subsidiary to expand the infrastructure market.

date
15/09/2025
In September 2025, Xinjiang Transportation Construction Group Co., Ltd. held the 23rd interim meeting of the fourth board of directors, and approved the proposal to establish a holding subsidiary through external investment. The company plans to use its own funds to contribute 20.4 million yuan in cash to establish Xinjian Construction Development Co., Ltd. with Sunlight Transportation Construction Development Co., Ltd. in Yecheng County, with a subscription ratio of 51% and a total registered capital of 40 million yuan. This investment does not constitute a related party transaction or a major asset restructuring, and is within the authority of the board of directors. The investment aims to expand the infrastructure market and enhance competitiveness, but the new company faces market and operational risks. The company will strengthen risk control, closely monitor progress, and disclose information in a timely manner.