Hangzhou Communications Investment Group Co.,Ltd. agreed to acquire 8.4% stake in Long Yuan Construction Group Co., Ltd. (SHSE:600491) from Lai Zhenyuan, Lai Chaohui, Lai Yejun, Zheng Guixiang for an offer per share of CNY 8.83 on June 27, 2023. The transaction has obtained the confirmation document of the legality review of the Shanghai Stock Exchange. This transaction has passed the anti-monopoly review of the State Administration for Market Regulation.

As of December 22, 2023, The China Securities Regulatory Commission approved the registration.