China Gezhouba Group Company Limited (SHSE:600068) agreed to acquire Shandong Hi-Speed Zaohe Highway Co., Ltd. from Shandong High-speed Group Co., Ltd. for CNY 0.33 million on January 11, 2017. The transaction is subject to the approval of the shareholders of China Gezhouba Group Company Limited and has been approved by its Board of Directors in the 27th meeting (extraordinary) of the 6th directorate held on January 11, 2017. As of February 7, 2017, the shareholders of China Gezhouba Group Company approved the deal.