Enterprise restructuring has spread across the country, and many outstanding cases of restructuring have emerged, ushering in a new round of climax. On March 22, 2021, Sichuan Road and Bridge announced that it had received a notice from the company’s controlling shareholder, Railway Investment Group, that the Sichuan Provincial People’s Government planned to initiate the strategic reorganization of Railway Investment Group and Sichuan Transportation Investment Group Co., Ltd.

The announcement stated that the above matters currently do not involve the company's major asset restructuring, nor will it have a significant impact on the company's normal production and operation activities. Up to now, the controlling shareholder of the company has not changed.

Two major transportation investment and construction state-owned enterprises plan to initiate strategic reorganization

Sichuan Railway Investment Group was established on December 26, 2008. It is a large state-owned investment group funded and established by the Sichuan Provincial People's Government. The company is mainly engaged in the investment, construction and operation of infrastructure such as railways, expressways, and new urbanization. At the same time, it operates multiple industries such as engineering construction, resource development, modern service industry, and modern agriculture. It has jurisdiction over Sichuan Road and Bridge, Sichuan Railway Group, Urban and Rural Group, and Guangrun. There are 234 wholly-owned and holding companies at all levels, including the group, with more than 23,000 employees. As of 2020, the total assets of China Railway Investment Group have reached 420 billion yuan, ranking 184th among the top 500 Chinese companies in 2020.

Sichuan Investment Group was established in April 2010. It is an important provincial backbone enterprise approved by the Sichuan Provincial Government. It has 12 directly affiliated enterprises, more than 130 wholly-owned and holding enterprises at all levels, and 25,000 employees. In 2020, the total assets of the trading group will reach 459.9 billion yuan, ranking 340th among the top 500 Chinese companies in 2020. At present, Sichuan Investment Group has formed the three main businesses of "highway, rail transit, and airport navigation" as the core, and the six major businesses of "transportation service, engineering construction, transportation logistics, transportation culture and tourism, transportation finance and transportation technology". "3+6" business layout supported by related diversified industries. A total of 5,027 kilometers of expressways in operation have been built, accounting for about 62% of the province, and reaching 21 cities (prefectures) and 117 counties (cities, districts) in the province; the mileage of expressways under construction is 2031 kilometers, accounting for about 57% of Sichuan Province .

The reorganization of Sichuan Railway Investment and Trading Investment will build a new production and operation model to enable the company to maintain its competitive advantage in the changes, cultivate and develop its core competitiveness, which will help accelerate the optimization of capital layout, adjust the industrial structure, and concentrate resources on advantageous companies. , To accelerate the pace of building a modern and international enterprise. Editor/Sang Xiaomei