100% State-owned Property Right of Shandong Communications Industry Group Holding Co., Ltd Transferred to Shandong Heavy Industry Holding Group Co., Ltd Free of Charge

 According to Shandong Provincial State-owned Assets Supervision and Administration Commission’s official document [2018] No. 56, "Notification of Shandong SASAC Transferring 100% State-owned Property Rights of SCIG", basing on financial report data audited on December 31, 2017, 70%, 20%, 10% of SCIG’s state-owned property right and benefit which separately belongs to Shandong SASA, Shandong Guohui Investment Co., Ltd, and Provincial Security Fund Council will be transferred to SHIG free of charge.