Sichuan Road and Bridge Group: Plans to acquire a 49% stake in Sichuan Tiejian for 682 million yuan

Sina Finance reported on March 31 that Sichuan Road & Bridge announced that the company plans to acquire 49% of Sichuan Tiejian held by Sichuan Railway Investment Group, a subsidiary of the controlling shareholder Shudao Group, through a private agreement. The transaction price is 682 million yuan, to be paid in cash. This acquisition constitutes a related party transaction but does not constitute a major asset restructuring and does not require approval from relevant departments or shareholder meeting approval. After the acquisition is completed, the company will fully control Sichuan Tiejian, increasing its stake from 51% to 100%, which will help strengthen the control of the core business, etc. The proposal has been approved by the board of directors.