Group 1 - The Shanghai Stock Exchange's M&A Review Committee approved Ningbo Construction's asset acquisition plan, confirming it meets restructuring conditions and information disclosure requirements [1] - Ningbo Construction plans to acquire 100% equity of Ningbo Traffic Engineering Construction Group from Ningbo Transportation Investment Group for a transaction price of RMB 1,527,200,572.59 [2][3] - The transaction is subject to approval from the China Securities Regulatory Commission, and its timing remains uncertain [2] Group 2 - The independent financial advisor for the transaction is Yongxing Securities Co., Ltd., with a team of multiple professionals involved [8] - Ningbo Traffic Engineering's revenue for 2023, 2024, and the first half of 2025 was RMB 566,380.62 million, RMB 574,884.04 million, and RMB 245,935.24 million respectively, with net profits of RMB 12,498.11 million, RMB 11,981.91 million, and RMB 7,109.71 million [7][8] - The net cash flow from operating activities for the first half of 2025 was negative RMB 39,137.31 million, indicating potential cash flow challenges [8]
宁波建工15亿关联收购宁波交工获通过 甬兴证券建功