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Sichuan Road and Bridge: Plans to acquire a 49% stake in Sichuan Iron Construction for 682 million yuan
People’s Finance News March 31—Sichuan Road and Bridge (600039) announced on March 31 that the company plans to acquire, by means of a non-public agreement, 49% of the equity interest in Sichuan Provincial Railway Construction Co., Ltd. (hereinafter referred to as “Sichuan Tiejian”), a controlling subsidiary of the company, held by Sichuan Shudao Railway Investment Group Co., Ltd. The acquisition price is 682 million yuan. After the completion of this acquisition, the company will achieve full ownership and control over Sichuan Tiejian.