NB CONSTRUCTION(SH:601789) Shang Hai Zheng Quan Bao·2026-01-14 17:47Core Viewpoint - Ningbo Construction Co., Ltd. has completed the issuance of shares to acquire 100% equity of Ningbo Traffic Engineering Construction Group Co., Ltd. from its controlling shareholder, Ningbo Traffic Investment Group Co., Ltd. The issuance involved 437,593,287 shares at a price of 3.49 yuan per share, with a lock-up period of 36 months for the newly issued shares [2][19][20]. Group 1: Issuance Details - The total number of shares issued is 437,593,287 shares at a price of 3.49 yuan per share [2][19]. - The shares are classified as ordinary shares (A-shares) and have a par value of 1.00 yuan [5]. - The shares will be listed on the Shanghai Stock Exchange after the lock-up period of 36 months [2][3]. Group 2: Approval and Procedures - The transaction has received necessary approvals from various authorities, including the State-owned Assets Supervision and Administration Commission of Ningbo and the China Securities Regulatory Commission [4][5]. - The issuance has been approved by the company's board and shareholders, and all required procedures have been completed [4][5]. Group 3: Asset Transfer and Ownership - The assets have been transferred to the company, and it now holds 100% equity of Ningbo Traffic Engineering Construction Group Co., Ltd. [3][13]. - The transaction has been verified by an independent financial advisor and legal counsel, confirming compliance with relevant laws and regulations [17][18]. Group 4: Financial Impact and Shareholder Structure - The transaction is expected to positively impact the company's financial status and governance [22]. - Post-transaction, the controlling shareholder, Ningbo Traffic Investment Group Co., Ltd., will hold 729,593,287 shares, representing 47.86% of the total share capital [25].