ICBC Commits RMB 900 Million Loan to China State Construction's Parent for A-Share Increase
China State Construction Group, the controlling shareholder of China State Construction Engineering Corporation, has secured a loan commitment from ICBC's Beijing branch. The bank will lend up to RMB 900 million to support the group's purchase of the company's A-shares. The loan amount may not exceed 90% of the actual funds used for the increase. The announcement was made on August 7, 2026, under a cooperation agreement between the two parties.
China State Construction Engineering Corporation announced on August 7, 2026, that its controlling shareholder, China State Construction Group, has reached a cooperation intention with Industrial and Commercial Bank of China (ICBC). ICBC's Beijing branch has issued a Loan Commitment Letter to the group, undertaking to provide loan support for the group's increase of its stake in the company. The loan amount will not exceed RMB 900 million and will be capped at 90% of the actual funds used for the share increase. The funds are dedicated solely to the group's purchase of China State Construction A-shares on the A-share market.
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