Anhui Construction Engineering Group Co., Ltd. (SHSE:600502) agrees to acquire 15.8235% stake in Anhui Road And Bridge Engineering Group Co., Ltd from Anhui Zhong'an Financial Asset Management Co., Ltd for CNY 400 million on August 2, 2022.The companies are yet to sign a equity transfer agreement,Pursuant to which Anhui Construction Engineering Group Co., Ltd. will own 70.1591% stake in Anhui Road And Bridge Engineering Group and Anhui Zhong'an Financial Asset Management Co., Ltd will no longer hold equity As of December 31 2021, Anhui Road And Bridge Engineering Group reported a revenue of CNY 6,685.6048 million, Total assets of CNY 7,531.8107 million, Net income of 134.0989 million and Total common equity of CNY 1,341.3671 million. The transaction was already approved by Anhui Construction Engineering Group board of directors.