CCEGC(SH:600939) Ge Long Hui·2025-11-05 09:08Core Viewpoint - Chongqing Construction (600939.SH) is increasing investments in its subsidiary and a joint project to ensure the smooth implementation of ongoing highway projects, specifically the Kaizhou to Liangping expressway project [1] Investment Details - Chongqing Construction's wholly-owned subsidiary, Chongqing First Municipal Engineering Co., Ltd. (referred to as "Municipal Company 1"), and its second-largest shareholder, Chongqing Expressway Group Co., Ltd. (referred to as "Chongqing Expressway Group"), plan to invest approximately 58.49 million yuan and 509 million yuan, respectively, into their controlled project company, Chongqing Kaiwanliang Expressway Co., Ltd. (referred to as "Kaiwanliang Company") [1] - The company has received approval from its 2024 fourth extraordinary general meeting of shareholders to sign a construction contract with Kaiwanliang Company for a total price not exceeding 1.1 billion yuan, aimed at increasing the share of the Kaizhou to Liangping expressway project [1] Contractual Agreements - A construction general contracting framework agreement has been signed between the two parties, with a tentative contract price of 1.018 billion yuan [1] - Recently, Municipal Company 1 and the contracting party further detailed the rights and obligations under the agreement and signed the "Kaizhou to Liangping Expressway Construction Contract (Contract Section: KWLTJB)," with a signed contract price (including tax) tentatively set at 1.018 billion yuan [1]