Sichuan Expressway (HKG:0107, SHA:601107) plans to sell 3.18 billion yuan worth of shares to investors, according to a Thursday filing with the Hong Kong bourse.
The firm plans to issue up to 432.5 million A shares to raise funds for an expansion project on the Jingkun expressway and to repay debt.
The share offering is subject to shareholder approval and would result in the sale of 20% of the company's existing issued A share capital.
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