Zheng Quan Shi Bao Wang·2025-11-07 15:19Group 1 - Sichuan Road and Bridge announced a cash acquisition of 628 million yuan for 100% equity of Chengdu New Road and Bridge Technology Co., Ltd. and related assets from its affiliate, New Road Co., Ltd. [1] - The acquisition price reflects a 16.85% premium over the simulated combined book value, indicating a positive valuation for the transaction [1][2] - The purpose of the acquisition is to strengthen the company's core engineering construction business, enhance technical advantages in bridge construction, and improve market competitiveness [1][2] Group 2 - Chengdu New Road and Bridge Technology Co., Ltd. was established in 2013 with a registered capital of 400 million yuan, focusing on bridge functional components [2] - The projected revenues for the acquired entity are 469 million yuan for 2024 and 179 million yuan for January to May 2025, with net profits of approximately 30.57 million yuan and 24.40 million yuan, respectively [2] - Sichuan Road and Bridge's controlling shareholder plans to transfer 60% of the equity in Sichuan Shudao Clean Energy Group to New Road Co., Ltd. for 5.814 billion yuan, with part of the payment in cash and the remainder in shares [2][3] Group 3 - The decision to waive the right of first refusal for the equity transfer is aligned with the company's strategic focus on its core construction business [3] - After the transaction, the company's stake in Sichuan Shudao Clean Energy will remain unchanged, and it will continue to be an associate company [3] - Sichuan Shudao Clean Energy has a total installed capacity of 11.5 million kilowatts, with a focus on clean energy projects across Sichuan and Northwest regions [3] Group 4 - New Road Co., Ltd. became a new member of Shudao Group after a share transfer agreement with Sichuan Development, which previously held significant shares in New Road Co., Ltd. [4] - Shudao Group was established in 2021 through the merger of two state-owned enterprises and currently has total assets exceeding 1.5 trillion yuan [4][5] - The group owns several listed companies, including Sichuan Road and Bridge, and has a workforce of nearly 60,000, marking it as a significant player in the industry [5]