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Tianjin Construction Development Group Co., Ltd. Class H ( (HK:2515) ) has provided an update.
Tianjin Construction Development Group Co., Ltd. plans to increase its registered capital from RMB230,059,168 to RMB268,282,114 through a proposed subscription of new shares under an existing general mandate. The company expects to raise net proceeds of about RMB38.2 million, all of which will be credited to registered capital, with final amounts subject to exchange rate movements at completion.
To reflect the larger capital base, the board is also proposing amendments to the company’s Articles of Association that update the registered capital figure, with no other substantive changes. These moves, which require shareholder approval by special resolutions at an extraordinary general meeting on 12 June 2026, will affect shareholders’ voting and participation timelines as the register of members will be temporarily closed ahead of the meeting.
More about Tianjin Construction Development Group Co., Ltd. Class H
Tianjin Construction Development Group Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong, operating in the construction and infrastructure development sector. The company focuses on delivering construction-related services and projects, serving domestic markets and investors through its H-share listing on the Stock Exchange of Hong Kong.
Average Trading Volume: 1,448,400
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$279.7M
Learn more about 2515 stock on TipRanks’ Stock Analysis page.