Core Viewpoint - The company has received approval for a funding application of 119.84 million yuan for the renovation of old water supply pipelines in Nanning [1] Group 1: Funding and Project Details - The company, as the construction unit, will inject the approved funds into the project specifically for the renovation of old water supply pipelines in Nanning [1] - The controlling shareholder, Nanning Jianning Water Group, will act as the government funding representative and will disburse the funds in batches according to the project's construction progress [1] - The equity formed from the injected funds will be exclusively owned by the state as capital reserves [1] Group 2: Governance and Approval Process - The proposal has been approved by the company's fifth board of directors during its 29th meeting [1] - The transaction involves related party transactions, and related shareholders are required to abstain from voting [1] - The proposal will be submitted for review at the third extraordinary shareholders' meeting scheduled for December 8 at 15:30 [1]
绿城水务:拟增加1.20亿元国有独享资本公积并提交股东会审议