Financials, Technology Dec 03, 2021 10:09 PM (GMT+8) · EqualOcean
Cailian, December 3 (Xinhua) -- the company's subsidiary Shandong Road and Bridge Group Co., Ltd. ("road and Bridge Group") plans to jointly invest in the establishment of Shandong high-speed transportation facilities Co., Ltd. with the related party Shandong high-speed Rizhao Development Co., Ltd. ("Rizhao Development Company"). The registered capital of the transportation facilities company is 70 million yuan, including 35.7 million yuan invested by the company's subsidiary road and bridge group, accounting for 51% of the equity of the transportation facilities company; Rizhao Development Company invested 34.3 million yuan, accounting for 49% of the equity of the transportation facilities company.
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