Shanghai Linjun Electronic Technology Co., Ltd., acquired a 6.92% stake in Chongqing road & bridge co.,ltd from Tsinghua Tongfang Guoxin Investment Holding Co., Ltd.
December 27, 2021
Share
Shanghai Linjun Electronic Technology Co., Ltd., acquired a 6.92% stake in Chongqing road & bridge co.,ltd (SHSE:600106) from Tsinghua Tongfang Guoxin Investment Holding Co., Ltd. on December 27, 2021. Under the terms, Shanghai Linjun will acquire 92 million shares of Chongqing road. Post acquisition, Tongfang Guoxin holds 92,651,147 shares of the Chongqing road's unrestricted shares representing 6.97% stake.
Shanghai Linjun Electronic Technology Co., Ltd., completed the acquisition of a 6.92% stake in Chongqing road & bridge co.,ltd (SHSE:600106) from Tsinghua Tongfang Guoxin Investment Holding Co., Ltd. on December 27, 2021.
Chongqing Road & Bridge Co., Ltd. is principally engaged in the operation of road and bridge toll collection, as well as engineering construction businesses. The Company operates, maintains and manages Chongqing Yangtze Shibanpo Bridge, Jialingjiang Shimen Bridge, Jialingjiang Jiahua Bridge and Changshouhu Tourism Special Road. The Company is also involved in the construction of bridges, roads and infrastructures, the development of real estates, as well as the construction of software industrial parks through its subsidiaries. The Company mainly operates its businesses in Chongqing, China.