Shandong Luqiao Group Co., Ltd. announced that it will receive CNY 3,000,000,000 in an equity round of funding on July 1, 2022. The transaction will include participation from returning investor Shandong Hi-Speed Road and Bridge Group Co., Ltd. to retain its 100% stake in the company. Post to the closing, the registered capital of the company will increase from CNY 3,010,000,000 to CNY 6,010,000,000.

The transaction was approved in the 37th meeting of Shandong Hi-Speed Road and Bridge Group Co., Ltd. 9th directorate.