Jiangsu CommunicationS Holding Co.,Ltd agreed to acquire 15% stake in Jiangsu Guangjing Xicheng Expressway Co., Ltd. from China Merchants Expressway Network & Technology Holdings Co., Ltd. (SZSE:001965) for approximately CNY 800 million on December 13, 2018. Jiangsu Guangjing Xicheng Expressway Co., Ltd. reported total assets of CNY 8.69 billion and net assets of CNY 4.48 billion as at December 31, 2017. Jiangsu Guangjing Xicheng Expressway Co., Ltd. reported operating revenues of CNY 1.24 billion and net profit of CNY 633.74 million in 2017.