Zhi Tong Cai Jing·2025-12-19 13:15Core Viewpoint - The company Sichuan Chengyu Expressway (00107) has announced a conditional agreement to acquire 85% equity of Hubei Jingyi Expressway Co., Ltd. for RMB 2.409 billion, enhancing its portfolio in the expressway sector [1][2]. Group 1: Acquisition Details - The acquisition involves the company's wholly-owned subsidiary, Shunan Company, which will purchase the equity from Shudao Chuangtou [1]. - The target company, Hubei Jingyi Expressway, is responsible for the investment, construction, operation, and management of the Jingyi Expressway [1]. - The Jingyi Expressway is a crucial part of the national expressway network in China, connecting significant regions and facilitating transportation [1]. Group 2: Financial and Strategic Implications - Post-acquisition, the target company will become an indirect subsidiary with 85% ownership, allowing its financial performance to be consolidated into the company's financial statements [2]. - This acquisition is expected to increase the company's control over expressway projects, enhancing asset scale and operational efficiency [2]. - The integration of the target company is anticipated to improve the company's network scale, sustainability, and core competitiveness [2].