Zhi Tong Cai Jing·2025-10-21 15:06Core Viewpoint - Anhui Wantong Expressway (600012) announced a share transfer agreement to acquire approximately 338.4 million A-shares of Shandong Expressway (600350), representing 7% of the total issued share capital of Shandong Expressway as of the announcement date, for a total consideration of approximately RMB 3.0187 billion, equivalent to RMB 8.92 per share [1] Group 1: Acquisition Details - The acquisition involves the purchase of shares from Shandong Expressway Group Co., Ltd. [1] - The total consideration for the acquisition is approximately RMB 3.0187 billion [1] - The price per share for the transferred shares is RMB 8.92 [1] Group 2: Target Company Overview - The target company, Shandong Expressway, is primarily engaged in traffic infrastructure investment and operations, as well as equity investments in related fields along the highway industry chain [1] - Revenue sources for the target company include expressway toll operations, intelligent transportation, merchandise sales, railway transportation, expressway management services, and engineering construction [1] Group 3: Strategic Implications - The acquisition is expected to enhance the company's effective investment and strengthen its core business [1] - Post-acquisition, the company aims to deepen its strategic partnership with the target company, facilitating ongoing business cooperation and communication [1] - The company may consider further acquisitions of shares in the target company in the future, adhering to relevant listing rules [1]