Chutian Expressway(SH:600035) Ge Long Hui·2026-01-06 11:45Core Viewpoint - Chutian Expressway (600035.SH) announced the establishment of a joint venture, Chudao Shutong, with a total investment of 50 million yuan, involving three parties [1] Group 1: Joint Venture Details - The joint venture was formed on August 9, 2023, with Chutian Expressway contributing 10 million yuan for a 20% stake [1] - The other parties involved are Jiaotou Technology, which invested 30 million yuan for a 60% stake, and Hubei Jiaotou Industrial Development Co., Ltd., which also invested 10 million yuan for a 20% stake [1] Group 2: Share Transfer and Rights - Jiaotou Technology plans to transfer its 60% stake in Chudao Shutong to Jiaotou Operations Group at book value without compensation [1] - Chutian Expressway has the right of first refusal regarding the transfer of shares in Chudao Shutong, but the company has decided to waive this right after comprehensive consideration [1]