Gelonghui reported on September 27th that Shanghai Lingang Holdings (600848.SH) announced that the company plans to acquire 70% equity of Zhuanqiao Company held by Caozong Corporation at a price of 630.568 million yuan. After the completion of this transaction, Zhuanqiao Company will become a subsidiary of the listed company. Caozong Corporation is a related party of the company as it is a controlling shareholder and actual controller of Lingang Group's subsidiary, holding 35.65% of the listed company's shares. According to the rules of the Shanghai Stock Exchange listing for stocks, this transaction constitutes a related party transaction.