Sichuan Road and Bridge (600039) announced on the evening of March 31 that the company plans to acquire, in a non-public agreement manner, cash amounting to 682 million yuan to purchase 49% of the equity held by its controlling shareholder, Shu Dao Group’s subsidiary Shu Dao Railway Investment Group, in Sichuan Railway Construction Co., Ltd. (hereinafter referred to as “Sichuan Tiejian”).
Previously, Sichuan Road and Bridge (600039) had already held a 51% equity interest in Sichuan Tiejian. This acquisition constitutes a related-party transaction. Upon completion of the acquisition, Sichuan Road and Bridge will exercise 100% wholly-owned control over Sichuan Tiejian.
Sichuan Road and Bridge stated that the purpose of this acquisition is to meet the company’s strategic development needs, further strengthen control over its core business, optimize the management structure, integrate technical resources, enhance profitability, and consolidate the company’s advantages in the railway construction sector.
The announcement shows that Sichuan Tiejian was established in 1993 and has a registered capital of 1 billion yuan. It holds multiple Grade-A construction general contracting qualifications in railway, highway, municipal and other areas, and has built an industrial layout with railway track engineering construction as the core business, and highway, municipal, and housing construction engineering construction as the培育主业.
As of June 30, 2025, Sichuan Tiejian’s total assets were 4.325 billion yuan and its net assets were 1.221 billion yuan; in 2024, its revenue was 2.506 billion yuan and its net profit was 50.9375 million yuan; in the first half of 2025, its net profit was -30.3156 million yuan. In this transaction, the total equity value of Sichuan Tiejian’s shareholders is 1.393 billion yuan, with an appreciation rate of 13.20%. This is mainly due to an increase in investment real estate and fixed assets.
(Editor: Zhang Yang HN080)
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四川路桥は6.82億元で四川鉄建の49%株式を買収予定
Securities Times Reporter Fan Luyuan
Sichuan Road and Bridge (600039) announced on the evening of March 31 that the company plans to acquire, in a non-public agreement manner, cash amounting to 682 million yuan to purchase 49% of the equity held by its controlling shareholder, Shu Dao Group’s subsidiary Shu Dao Railway Investment Group, in Sichuan Railway Construction Co., Ltd. (hereinafter referred to as “Sichuan Tiejian”).
Previously, Sichuan Road and Bridge (600039) had already held a 51% equity interest in Sichuan Tiejian. This acquisition constitutes a related-party transaction. Upon completion of the acquisition, Sichuan Road and Bridge will exercise 100% wholly-owned control over Sichuan Tiejian.
Sichuan Road and Bridge stated that the purpose of this acquisition is to meet the company’s strategic development needs, further strengthen control over its core business, optimize the management structure, integrate technical resources, enhance profitability, and consolidate the company’s advantages in the railway construction sector.
The announcement shows that Sichuan Tiejian was established in 1993 and has a registered capital of 1 billion yuan. It holds multiple Grade-A construction general contracting qualifications in railway, highway, municipal and other areas, and has built an industrial layout with railway track engineering construction as the core business, and highway, municipal, and housing construction engineering construction as the培育主业.
As of June 30, 2025, Sichuan Tiejian’s total assets were 4.325 billion yuan and its net assets were 1.221 billion yuan; in 2024, its revenue was 2.506 billion yuan and its net profit was 50.9375 million yuan; in the first half of 2025, its net profit was -30.3156 million yuan. In this transaction, the total equity value of Sichuan Tiejian’s shareholders is 1.393 billion yuan, with an appreciation rate of 13.20%. This is mainly due to an increase in investment real estate and fixed assets.
(Editor: Zhang Yang HN080)
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