Guangxi Wuzhou Communications Co., Ltd. (SHSE:600368) agreed to acquire a 16.8% stake in Guangxi Wuzhou Cenwu Expressway Co., Ltd for CNY 23.9 million on June 27, 2022. Guangxi Wuzhou Communications Co., Ltd. board approved the transaction. As of March 31, 2022, Guangxi Wuzhou Cenwu Expressway Co., Ltd reported total assets of CNY 1803 million and total common equity of CNY 375 million.

As of July 13, 2022, The shareholders of Guangxi Wuzhou Communications has approved the deal on second extraordinary general meeting of shareholders.