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CSRC: Approves Xiamen Port's issuance of 797 million shares to acquire assets
The China Securities Regulatory Commission has approved Xiamen Port to issue 797 million shares to Xiamen International Port Co., Ltd. for the purchase of related assets, and to raise supporting funds of no more than 3.5 billion yuan. Xiamen Port must strictly follow the application documents submitted to the Shenzhen Stock Exchange for the issuance, fulfill information disclosure obligations, and complete the relevant procedures. This approval is valid for 12 months from the date of issuance. (CSRC)