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Shanghai Construction Engineering's spin-off subsidiary Construction Engineering Materials was listed on the main board of the Shanghai Stock Exchange. Shanghai Construction Engineering
| Time: January 9, 2020 08:42:40 China Finance |
announced that the company's wholly-owned subsidiary, Shanghai Construction Engineering
Materials Engineering Co., Ltd. and related entities, after appropriate reorganization, changed the entire construction engineering materials to form a joint stock company. It also submitted the listing application documents to the China Securities Regulatory Commission as the subject to be listed. After obtaining the approval, it chose to publicly issue A shares and listed on the main board of the Shanghai Stock Exchange. The main business of the main construction materials of this spin-off is the production and sales of ready-mixed concrete, prefabricated components and other materials. It belongs to the business sector of the building materials industry and maintains a high degree of independence from other business segments of the company. After the completion of the spin-off, construction materials are still the company's controlling subsidiaries.