China Railway Materials Company Limited (SZSE:000927) agreed to acquire a 24.50% stake in National Railway International Industry and Trade Co., Ltd. for CNY 53.1 million on March 29, 2023. Transaction has been approved by China Railway Material's board. For the period June 30, 2022, National Railway had CNY 393.58 million of total assets and 205.37 million of Net assets.