Viw Magazine

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Yuexiu Transport proposes to acquire 55% equity interests in Henan Yuexiu Pinglin Expressway Company

  • Written by Viw Magazine

Further enhance the Company's earnings per share and maintain long-term financial stability

HONG KONG SAR - Media OutReach Newswire - 9 October 2024 - Yuexiu Transport Infrastructure Limited ("Yuexiu Transport" or the "Company"; stock code: 01052.HK) announced today that a wholly-owned subsidiary of the Company has entered into an agreement to acquire 55% equity interests in the target company which holds the toll collection rights of Henan Yuexiu Pinglin Expressway Company Limited (the "Target Company") from Guangzhou Yue Xiu Holdings Limited ("Yue Xiu Group"), the controlling shareholder of the Company, for a total cash consideration of approximately RMB758.45 million.

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