宁波建工：发行股份购买资产获上交所审核通过 进一步完善建筑业产业链

Core Viewpoint - Ningbo Construction's acquisition of 100% equity in Ningbo Traffic Engineering Construction Group for 1.527 billion yuan is a strategic move to enhance competitiveness and resolve industry competition issues, approved by the Shanghai Stock Exchange [1][2]. Group 1: Transaction Details - The transaction involves issuing shares to acquire Ningbo Traffic Engineering Construction Group, with a transaction price of 1.527 billion yuan [1]. - The share issuance price is set at 3.49 yuan per share, with an estimated issuance of approximately 438 million shares, representing 28.71% of the post-issue total share capital [1]. - The controlling shareholder, Ningbo Transportation Investment Holding Group, commits to a 36-month lock-up period for the acquired shares, reflecting confidence in the company's long-term development [1]. Group 2: Strategic Significance - Ningbo Traffic Engineering Construction Group holds rare qualifications in comprehensive transportation construction, including top-level qualifications in highway, port, municipal, and railway engineering [2]. - The acquisition will consolidate various business segments under Ningbo Construction, enhancing independence and resolving competition issues within the industry [2]. - The integration of resources between Ningbo Construction and Ningbo Traffic Engineering will optimize internal resource allocation and strengthen the company's overall service capabilities in civil engineering [2]. Group 3: Market Implications - The transaction aligns with national policies promoting high-quality infrastructure development and reflects the trend in the construction industry [3]. - As the 14th Five-Year Plan approaches, the transportation infrastructure sector is expected to experience new growth opportunities, positioning Ningbo Construction favorably for undertaking major projects and expanding market reach [3].