China State Construction International Sets Up RMB300 Million Connected Factoring Deal for Wenzhou Project Receivable

China State Construction International Holdings ( (HK:3311) ) has issued an announcement.

China State Construction International Holdings said its indirect wholly owned subsidiary CSC International Investments has entered into a connected factoring arrangement involving the transfer of a RMB300 million account receivable linked to a Wenzhou housing procurement project. Under the structure, CSC International Investments will acquire the receivable from Wenzhou Haisheng at a 9% discount for RMB273 million and immediately factor it to China Construction City Development Factoring (CCCF), an indirect wholly owned subsidiary of its intermediate holding company CSCECL, for up to 24 months. Because CCCF is a connected person, the transaction must be aggregated with two earlier connected deals announced in May and August 2025, and the combined size triggers reporting and announcement requirements under Hong Kong’s Listing Rules, although it remains exempt from independent shareholders’ approval. The move provides liquidity against project-related receivables while keeping compliance obligations within the lower-threshold connected transaction regime, with limited direct impact on minority shareholders’ governance rights.

The most recent analyst rating on (HK:3311) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on China State Construction International Holdings stock, see the HK:3311 Stock Forecast page.

More about China State Construction International Holdings

China State Construction International Holdings is a construction and infrastructure group engaged in building, civil engineering and related investment projects, with a focus on large-scale property and infrastructure development in mainland China and overseas markets through its various operating and investment subsidiaries.

Average Trading Volume: 6,442,355

Technical Sentiment Signal: Buy

Current Market Cap: HK$49.76B

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