Sep 29, 2021 07:36 PM (GMT+8) · EqualOcean
Financial Associated Press, September 29 - Sichuan Road and Bridge announced that in order to solve the problem of horizontal competition, the company plans to issue shares and pay cash to buy 100% shares of Sichuan Communications Construction Group Co., Ltd., 100% shares of Sichuan Gaolu Construction Engineering Co., Ltd. and 96.67% shares of Sichuan Expressway greening and Environmental Protection Development Co., Ltd. controlled by Shudao Investment Group Co., Ltd. The company is also simultaneously demonstrating the issue of shares to raise supporting funds, and the relevant plan has not been finalized. The trading of the company's shares has been suspended since September 30.