---
title: "HEC: Plans to acquire 51.0019% equity in Jiaokong Petrochemical"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250746746.md"
description: "HEC announced that it intends to acquire 51.0019% equity of Hainan Province Jiaotou Commercial Group Co., Ltd. in cash. After the transaction, Jiaokong Petrochemical will become a subsidiary and be included in the consolidated financial statements. This transaction is a related party transaction, does not involve the issuance of shares, does not constitute a restructuring listing, and will not lead to changes in the controlling shareholder and actual controller"
datetime: "2025-07-30T09:16:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250746746.md)
  - [en](https://longbridge.com/en/news/250746746.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250746746.md)
---

# HEC: Plans to acquire 51.0019% equity in Jiaokong Petrochemical

Hainan Expressway announced that the company intends to purchase 51.0019% equity of Hainan Province Jiaokong Petrochemical Co., Ltd. held by Hainan Province Jiaotou Commercial Group Co., Ltd. through cash payment. Upon completion of this transaction, Jiaokong Petrochemical will become a controlling subsidiary of the company and will be included in the company's consolidated financial statements. Since the counterparty is a controlling subsidiary of the company's controlling shareholder, Hainan Province Transportation Investment Holding Co., Ltd., this transaction constitutes a related party transaction. This transaction does not involve the issuance of shares by the listed company, does not constitute a restructuring listing, and will not lead to changes in the controlling shareholder and actual controller of the listed company

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