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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Communications Construction Company Limited    1800   CNE1000002F5

CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED

(1800)
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China Communications Construction : 20201115-Clarification Announcement-Clarification of News...

11/27/2020 | 09:21am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國交通建設股份有限公司

CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1800)

CLARIFICATION ANNOUNCEMENT

This announcement is made by China Communications Construction Company Limited (the "Company") at the request of The Stock Exchange of Hong Kong Limited.

On 12 November 2020 (Eastern standard time), the President of the United States of America issued an executive order (the "Executive Order") to prohibit any transaction by any United States person in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of certain Chinese companies, which may include the Company. The prohibition will become effective beginning 9:30 a.m. (Eastern standard time) on 11 January 2021, and is subject to certain divesture and other exemptions. The definitions of "certain Chinese companies" and "United States person" are set out in Section 4 of the Executive Order.

As of 13 November 2020, the number of total issued shares of the Company was 16,165,711,425. The number of tradable A shares of the Company was 11,747,235,425, accounting for approximately 72.67% of the total issued shares of the Company; and the number of tradable H shares of the Company was 4,418,476,000, accounting for approximately 27.33% of the total issued shares of the Company. Among the tradable H shares, 4,376,486,222 H shares were held directly through the Central Clearing and Settlement System in the name of HKSCC Nominees Limited, accounting for approximately 99.04% of the total issued H shares of the Company. As such, the Company is currently unable to verify the shareholding of H shares of the Company by the United States person(s).

The Company is in normal production and operation. The Company is conducting a thorough assessment on the potential impacts of the Executive Order on the Company based on the information currently available to it. Further announcement(s) will be made by the Company in due course if necessary.

- 1 -

The full text of the Executive Order can be read at https://www.whitehouse.gov/presidential-actions/.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board

China Communications Construction Company Limited

ZHOU Changjiang

Company Secretary

Beijing, the PRC

15 November 2020

As at the date of this announcement, the Directors of the Company are WANG Tongzhou, LIU Maoxun, HUANG Long#, ZHENG Changhong# and NGAI Wai Fung#.

  • Independent non-executive Director

- 2 -

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CCCC - China Communications Construction Co. Ltd. published this content on 15 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2020 14:20:03 UTC


© Publicnow 2020
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Financials
Sales 2020 599 B 92 251 M 92 251 M
Net income 2020 19 319 M 2 976 M 2 976 M
Net Debt 2020 247 B 38 111 M 38 111 M
P/E ratio 2020 2,93x
Yield 2020 6,64%
Capitalization 102 B 15 676 M 15 647 M
EV / Sales 2020 0,58x
EV / Sales 2021 0,57x
Nbr of Employees 124 457
Free-Float 41,4%
Chart CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED
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China Communications Construction Company Limited Technical Analysis Chart | 1800 | CNE1000002F5 | MarketScreener
Technical analysis trends CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 4,65 CNY
Last Close Price 3,21 CNY
Spread / Highest target 117%
Spread / Average Target 45,0%
Spread / Lowest Target 5,29%
EPS Revisions
Managers and Directors
NameTitle
Tong Zhou Wang Chairman & President
Sen Li Chairman-Supervisory Board
Hong Biao Zhu Chief Financial Officer
Yong Bin Wang Member-Supervisory Board
Long Huang Independent Non-Executive Director
Sector and Competitors