China Building Materials (03323.HK): China National Building Material Technology (002080.SZ) plans to distribute new shares, with Zhonglian Investment planning to subscribe for approximately 820 million yuan.

The Zhifutong Financial APP reported that China Building Materials (03323.HK) announced that on September 28, 2025, its controlling shareholder, China Building Materials Group Co., Ltd. (parent company), and its wholly-owned subsidiary, China Materials Joint Investment Co., Ltd. (Zhonglian Investment), entered into a non-binding subscription agreement with the company's non-wholly owned subsidiary, A-share listed company China National Materials Technology Co., Ltd. (China Materials Technology) (002080.SZ). The agreement stated that China Materials Technology intends to sell new shares for cash and partially sell them to Zhonglian Investment. Zhonglian Investment will subscribe for a total of approximately RMB 820 million in cash. The proceeds from the proposed sale will be mainly used for the projects and operational capital needs of China Materials Technology.