Shanxi Hi-speed plans to acquire 100% equity of Taiyuan Company to improve its business layout
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Shanxi Hi-speed plans to acquire 100% equity of Taiyuan Expressway Management Co., Ltd. for a cash consideration of 60.2567 million yuan. The transaction will enhance the company's business layout and improve competitiveness. Upon completion of the transaction, Taiyuan Company will become a wholly-owned subsidiary and be included in the consolidated reporting scope, positively impacting future financial conditions and operating results
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