Longjian Road&Bridge Co.,Ltd (SHSE:600853) agreed to acquire the remaining 35.011% stake in Heilongjiang Provincial Longjian Road & Bridge the 5th Engineering Co., Ltd. from BOC Financial Asset Investment Co., Ltd. and BOCOM Financial Asset Investment Co., Ltd for CNY 160 million on September 12, 2023. Heilongjiang Provincial Longjian Road & Bridge the 5th Engineering Co., Ltd. reported total assets of CNY 2.16 billion and net assets of CNY 523.32 million as of August 31, 2023. Longjian Road&Bridge Co.,Ltd board of directors approved the transaction the transaction.

The acquisition of stake in HLJ 5 is set to be done on September 22, 2023.