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NWS Holdings ( (HK:0659) ) has shared an update.
NWS Holdings has agreed to sell its entire 100% equity interest in Hunan CTFS Expressway Co., which operates the Changsha–Liuyang Expressway in Hunan Province, for about RMB1.61 billion to two independent purchasers. The consideration broadly matches the group’s original net cash outlay for the project, while existing bank borrowings of roughly RMB2.11 billion will remain with the target company after completion.
The company expects to book an after-tax loss of around RMB80 million for the year ending 30 June 2026 from this disposal, reflecting the exit terms for the expressway asset. Classified as a discloseable transaction under Hong Kong listing rules, the deal does not require shareholder approval but remains conditional on agreed precedents, signaling a continued portfolio rebalancing of NWS’s mainland infrastructure assets and potential implications for its earnings mix and capital deployment strategy.
The most recent analyst rating on (HK:0659) stock is a Buy with a HK$9.60 price target. To see the full list of analyst forecasts on NWS Holdings stock, see the HK:0659 Stock Forecast page.
More about NWS Holdings
NWS Holdings is a Hong Kong–based infrastructure and services group with interests in transport and logistics assets across mainland China. Through various subsidiaries, it invests in and operates expressways and related projects, focusing on long-term concession-based income from key regional routes.
Average Trading Volume: 2,352,373
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$38.86B
For detailed information about 0659 stock, go to TipRanks’ Stock Analysis page.