Shandong Hi-speed Company Limited (SHSE:600350) agreed to acquire 51% stake in Shandong High-Speed Rail Transit Group Co.,Ltd. from Shandong Hi-Speed Group Co., Ltd. for CNY 3.5 billion on May 27, 2020. Shandong Hi-speed Company Limited will fund the purchase price through all bank loans. The transaction is subject to the approval of second extraordinary general meeting of shareholders of Shandong Hi-speed Company Limited. The transaction was approved Sixth Directorate of Shandong Hi-speed Company Limited. Shandong Hi-speed Company Limited (SHSE:600350) completed the acquisition of 51% stake in Shandong High-Speed Rail Transit Group Co.,Ltd. from Shandong Hi-Speed Group Co., Ltd. during the first half of 2020.