STIG Innovation Investment Development Co., Ltd. and Chengtu Jiaotou Capital Management Co., Ltd. agreed to acquire 85% stake in Powerchina Roadbridge Group Chongqing Expressway Construction Development Co., Ltd from Power Construction Corporation of China, Ltd (SHSE:601669) and Powerchina Road Bridge Group Co., Ltd. for CNY 6.2 billion on September 17, 2020. Under the terms STIG Innovation Investment Development Co., Ltd. and Chengtu Jiaotou Capital Management Co., Ltd. will acquire 55% and 30% stake respectively. Power Construction Corporation of China, Ltd (SHSE:601669) will sell 1% stake and Powerchina Road Bridge Group Co., Ltd. will sell 84% stake in Powerchina Roadbridge Group Chongqing Expressway Construction Development Co., Ltd.