Sichuan Road & Bridge aids subsidiary amid project investments

Sichuan Road & Bridge (SSE:600039) is actively supporting its subsidiary operations through financial assistance and strategic project investments, according to recent filings. Sichuan Road & Bridge's subsidiary, Sichuan Highway and Bridge Construction Group, will provide a loan not exceeding 320.86 million yuan to its holding subsidiary, Meishan Tianhuan Infrastructure Development, with an interest rate no higher than the loan market quotation rate, for a three-year term to improve the capital turnover. Meishan Tianhuan's asset-liability ratio exceeds 70%. Separately, Sichuan Road & Bridge is investing 353 million yuan into the Pan-Zhi-Hua to YanYuan Highway. This investment will be held by its various subsidiaries. Sichuan Road & Bridge subsidiaries have already invested 802 million yuan into Sichuan.