Sichuan Road & Bridge shuffles investment for Mianyang-Suining-Neijiang railway project

Sichuan Road & Bridge Construction Group Co., Ltd. announced a change in the investment structure for its subsidiary’s participation in the Mianyang-Suining-Neijiang railway Miansui section station-front engineering project. Initially, its subsidiaries, Sichuan Highway Bridge Construction Group Co., Ltd. and Sichuan Provincial Railway Construction Co., Ltd., committed to subscribe to private equity fund shares totaling approximately CNY 1.328 billion.

Recently, Sichuan Provincial Railway Construction Co., Ltd. transferred its subscribed private equity fund shares of CNY 781 million to Sichuan Road & Bridge Huadong Construction Co., Ltd. and Sichuan Provincial Communications Construction Group Co., Ltd. This internal transfer within the company's consolidated statement scope does not involve transaction consideration or change the total investment amount by the company and its subsidiaries.

Separately, Sichuan Road & Bridge and its affiliates, as part of a consortium, have been awarded the contract for the Nanjiang to Santai (Zhongjiang) Expressway project. The project's total investment is CNY 48.723 billion, with a self-raised capital ratio of 20.20%, amounting to approximately CNY 9.842 billion. Sichuan Road & Bridge's direct shareholding is 3.3%, requiring an investment of approximately CNY 324.8 million in project capital.