Shandong Hi-Speed Road & Bridge (000498.SZ)'s controlling shareholder and its concert parties plan to increase their shareholding in the company by RMB 450 million to RMB 900 million.

Zhitong Finance APP News, Shandong Luqiao (000498.SZ) announced that its controlling shareholder, Shandong Hi-Speed Group Co., Ltd. (referred to as "Hi-Speed Group"), and its concerted party, Shandong Hi-Speed Investment Holding Co., Ltd. (referred to as "Hi-Speed Investment Holding"), intend to increase their holdings of the company's shares through centralized bidding transactions using special loans for share increases and/or their own funds within 6 months from the date of the announcement. The total amount of the increase shall be no less than RMB 450 million (inclusive) and no more than RMB 900 million (inclusive), of which Hi-Speed Group shall increase its holdings by a total amount of no less than RMB 300 million (inclusive) and no more than RMB 600 million (inclusive); Hi-Speed Investment Holding shall increase its holdings by a total amount of no less than RMB 150 million (inclusive) and no more than RMB 300 million (inclusive).