Sichuan Road & Bridge plans related-party transaction

Sichuan Road & Bridge (SSE:600039) announced that it is planning a related-party transaction. The company, or a designated subsidiary, intends to purchase 100% of the equity of Chengdu New Construction Transportation Technology held by Chengdu New Construction Machinery, along with the creditor's rights enjoyed by the latter. Chengdu New Construction Machinery is a holding subsidiary of Sichuan Road & Bridge's controlling shareholder, Shudao Investment Group. The company notes that the transaction is still in the planning stage and is subject to uncertainty. The company will fulfill its information disclosure obligations in a timely manner according to the progress of the transaction.