Shandong Hi-Speed Road & Bridge announced on October 7 that its controlling shareholder's concert party, Shandong Hi-Speed Investment Holding, increased its stake in the company by 1.7073 million shares through centralized bidding on September 30, representing 0.11% of the company's total share capital. Following this increase, the controlling shareholder Shandong Hi-Speed Group and its concert party Hi-Speed Investment Holding together hold 870.769 million shares, with their combined stake rising from 55.98% to 56.09%, a change that crossed a whole percentage point. Previously, on September 23, the company announced that Shandong Hi-Speed Group and its concert party Hi-Speed Investment Holding planned to increase their shareholding through centralized bidding within six months of the announcement, using special loans for share purchases and/or self-owned funds, with a total increase of no less than 450 million yuan and no more than 900 million yuan. Shandong Hi-Speed Road & Bridge is mainly engaged in general contracting for highways, municipal construction, building, water conservancy and hydropower, electric power construction, port and shipping, railway, and mechanical and electrical construction. In the first half of 2026, the company's operating revenue was 25.36 billion yuan, down 11.3% year on year, and net profit attributable to the parent company was 731 million yuan, down 28.9% year on year.
Shandong Hi-Speed Road&BridgeControlling shareholder and its concert party increased their stake by 1.7 million shares as part of a planned 450-900 million yuan buyback-style increase, signaling confidence.
