Sichuan Road & Bridge (SHA:600039) agreed to acquire the bridge functional components business from affiliate Chengdu Xinzhu Road & Bridge Machinery for about 628.4 million yuan.
The deal involves purchasing a 100% stake in Chengdu Xinzhu Transportation Technology and related assets, according to a filing with the Shanghai bourse.
The acquisition is subject to shareholder approval.
Shares of the construction company closed 1% lower Tuesday.
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