China Gezhouba Group Company Limited (SHSE:600068) agreed to acquire Shandong Hi-Speed Jitai East Line Highway Co., Ltd. from Shandong High-speed Group Co., Ltd. for CNY 5.2 million on January 11, 2017. In a related transaction, China Gezhouba Group Company Limited agreed to acquire Shandong Hi-Speed Zaohe Highway Co., Ltd. from Shandong High-speed Group Co., Ltd. for CNY 0.33 million on January 11, 2017. The transaction is subject to shareholders approval by China Gezhouba Group Company. The meeting for the same is scheduled on February 7, 2017. The transaction has been approved by the Board of Directors of China Gezhouba Group Company Limited in the 27th meeting (extraordinary) of the 6th directorate held on January 11, 2017. As of February 7, 2017, the shareholders of China Gezhouba Group Company approved the deal.