Longjian Road&Bridge Co.,Ltd completed the acquisition of remaining stake in Heilongjiang Provincial Longjian Road & Bridge the 1st Engineering Co., Ltd. and Heilongjiang Longjian Road & Bridge No. 4 Engineering Co., Ltd. from BOCOM Financial Asset Investment Co., Ltd and BOC Financial Asset Investment Co., Ltd.
March 21, 2024
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Longjian Road&Bridge Co.,Ltd (SHSE:600853) agreed to acquire remaining stake in Heilongjiang Provincial Longjian Road & Bridge the 1st Engineering Co., Ltd. and Heilongjiang Longjian Road & Bridge No. 4 Engineering Co., Ltd. from BOCOM Financial Asset Investment Co., Ltd and BOC Financial Asset Investment Co., Ltd. for CNY 340 million on September 12, 2023. Longjian Road&Bridge is acquiring 35.0878% stake in Heilongjiang Provincial Longjian Road & Bridge the 1st Engineering from BOC Financial Asset Investment and BOCOM Financial Asset Investment and 36.0400% stake in Heilongjiang Longjian Road & Bridge No. 4 Engineering from BOC Financial Asset Investment and BOCOM Financial Asset Investment. Heilongjiang Provincial Longjian Road & Bridge the 1st and Heilongjiang Longjian Road & Bridge No. 4 reported combined total assets of CNY 5,184,440,100, operating revenue of CNY 3,318,461,700 and CNY 83,015,900 as at December 31, 2022. The transaction have been approved by board of Longjian Road&Bridge on September 12, 2023.
Longjian Road&Bridge Co.,Ltd (SHSE:600853) completed the acquisition of remaining stake in Heilongjiang Provincial Longjian Road & Bridge the 1st Engineering Co., Ltd. and Heilongjiang Longjian Road & Bridge No. 4 Engineering Co., Ltd. from BOCOM Financial Asset Investment Co., Ltd and BOC Financial Asset Investment Co., Ltd. on March 22, 2024.
Longjian Road & Bridge Co., Ltd. is a China based company principally engaged in the infrastructure construction of roads and bridges. The Company is mainly engaged in road construction general contracting, road surface engineering professional contracting, highway subgrade engineering professional contracting, bridge engineering professional contracting and municipal public engineering construction contracting business. In addition, The Company is also engaged in toll highway and design consultancy business. The Company operates its business within the domestic market and overseas markets.