Jilin Expressway announced that it cancelled a plan to invest CNY 27 million in order to set up a real-estate subsidiary and instead formed an oil and new energy company called Jilin Expressway Energy.

The new entity will have registered capital of CNY 30 million with Jilin Expressway investing CNY 24 million for an 80% stake and Changchun Expressway pitching in CNY 6 million for the remaining 20% stake.

(Sourced from yicai.com)