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Sichuan Road & Bridge Exits Private Equity Fund with Early Lump-Sum Payout

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Sichuan Road & Bridge (SHA:600039) subsidiary Road & Bridge Group exited a 111.2-million-yuan private equity fund investment tied to a highway project in Guangxi, China.

The fund shares were transferred to Guangxi Jiaosheng, with proceeds collected early as a lump sum of 98.3 million yuan, according to a Tuesday filing with the Shanghai bourse.

Shares of the construction company were down 3% in recent trade.

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