Group 1 - Longyuan Construction plans to raise 1.846 billion yuan through a private placement, with the controlling shareholder changing to Hangzhou Transportation Investment Group after the completion of the issuance [1] - The company aims to use the raised funds to replenish working capital and repay bank loans, which will help optimize its capital structure and reduce the debt ratio [1] - As of September 30, 2024, Longyuan Construction reported total assets of 55.525 billion yuan and total liabilities of 43.970 billion yuan, resulting in a debt ratio of 79.19% [1] Group 2 - Hangzhou Transportation Investment Group, a state-owned enterprise under the management of Hangzhou State-owned Assets Supervision and Administration Commission, specializes in comprehensive transportation infrastructure investment and operations [2] - The partnership with Hangzhou Transportation Investment Group is expected to provide Longyuan Construction with access to more major infrastructure projects in Hangzhou and Zhejiang Province [2] - The collaboration is anticipated to enhance Longyuan Construction's project financing and credit rating capabilities, thereby reducing financing costs and increasing market competitiveness [2]
龙元建设定增申请获上交所审核通过 实控人拟变更为杭州国资委