Shandong High speed 600 million cooperation development west of Jinan

Shandong Expressway (600350) bulletin, the company used its own funds in cash to the wholly-owned subsidiary of Shandong High Speed Investment Development Co., Ltd. to increase investment of 600 million yuan, especially with Jinan West Construction Investment Co., Ltd. to set up the project company Shandong Expressway West Investment Development Co.　　According to the "Cooperation agreement" high-speed West investment registered capital of 1 billion yuan, of which investment companies invested 600 million yuan, holding 60% of the equity, Jinan West investment in 400 million yuan, holding 40% of the equity. According to the cooperation agreement, the high speed West Investment company mainly engages in the development and construction of the core area of Jinan West railway station, the land maturation in the city, the construction of infrastructure investment in the west New town and the development of Tianqiao District Daqiao Town ning Hua Garden Project, and by means of public bidding, BT, bot, etc.　　Actively participate in the construction and investment of transport infrastructure and municipal infrastructure in Jinan West. The company believes that after the implementation of the investment, will increase the company's long-term investment, expand the company in Jinan Land Reserve scale, to promote the rapid development of real estate business, for the company to cultivate new profit growth.