Xinjiang Communications Construction (SZ:002941) Xin Lang Cai Jing·2025-09-15 13:01Core Viewpoint - The company plans to establish a new subsidiary to expand its infrastructure market presence and enhance competitiveness through a capital investment of 20.4 million yuan, acquiring a 51% stake in the new entity [1] Group 1: Investment Details - The company will invest 20.4 million yuan of its own funds in partnership with Yecheng Sunshine Transportation Construction Development Co., Ltd. to set up Xinjiang Jiaotong Construction (Kashgar) Development Co., Ltd. with a registered capital of 40 million yuan [1] - The investment does not constitute a related party transaction or a major asset restructuring, falling within the board's approval authority [1] Group 2: Strategic Intent - The investment aims to expand the company's footprint in the infrastructure market and improve its competitive edge [1] - The company acknowledges potential market and operational risks associated with the new subsidiary and plans to strengthen risk control measures [1]