CCCC South America Regional Company announced that it has entered into an agreement to issue common shares for gross proceeds of $76,988,158 on January 11, 2019. The transaction will include participation from existing investors investors China Communications Construction Company Limited (SEHK:1800), China Harbour Engineering Company Ltd, China Road and Bridge Corporation, Shanghai Zhenhua Heavy Industries Co., Ltd. (SHSE:900947), and CCCC Dredging (Group) Co. Ltd. for $18,115,314, $16,306,092, $14,489,171, $14,489,171 and $13,588,410 respectively.

Post completion of the transaction, the stakes of China Communications Construction Company Limited (SEHK:1800), China Harbour Engineering Company Ltd, China Road and Bridge Corporation, Shanghai Zhenhua Heavy Industries Co., Ltd. (SHSE:900947), and China Communications Construction Dredging (Group) Co., Ltd will become 21.51%, 19.36%, 17.21%, 17.21%, and 16.13 % respectively. The investors currently hold 20%, 18%, 16%, 16%, and 15% stake respectively in the company. Pursuant to the transaction, the share capital of the company will increase from $103,000,000 to $179,988,158.

As a part of the transaction, China Communications Construction Company Limited (SEHK:1800) is entitled to nominate two directors while each of the other investors is entitled to nominate one director each.