CRRC (01766.HK) to inject RMB700m into CRRC Engineering Technology for Xiongan Jingxiong rail

NewTimeSpace · 2026/10/30 19:56 · By Jiayi Sun

On 30 Oct, CRRC (01766.HK) agreed to inject RMB700m into CRRC Engineering Technology, lifting its stake from 50% to 61.39%, exempt from shareholders approval.

NewTimeSpace News: CRRC Corporation Limited (CRRC, 01766.HK) entered into a capital increase agreement with CRRC New Investment Company and CRRC Engineering Technology Company on 30 October 2026, agreeing to inject RMB700 million into CRRC Engineering Technology, while CRRC New Investment will not participate.

After the capital increase, CRRC and CRRC New Investment will hold 61.3901% and 38.6099% of CRRC Engineering Technology respectively, which will remain a subsidiary of CRRC. The proceeds will be used by CRRC Engineering Technology to invest in Xiong'an Jingxiong Express Rail Co., Ltd. CRRC Engineering Technology is mainly engaged in urban rail transit construction contracting.

As CRRC Group directly holds 51.49% of the company as its controlling shareholder, and both CRRC New Investment and CRRC Engineering Technology are connected persons, the capital increase constitutes a connected transaction. As the highest applicable percentage ratio exceeds 0.1% but is below 5%, it is subject to reporting and announcement requirements but exempt from the circular and independent shareholders' approval.

CRRC 01766.HK Capital increase