Yuexiu Transport Infrastructure (HK:1052) has released an update.
Yuexiu Transport Infrastructure has announced the acquisition of a 55% equity interest in a company that holds the toll collection rights for the Henan Pinglin Expressway, a key component of China’s national expressway network. The deal, valued at RMB758.45 million, is set to enhance the group’s cash flow and profits, particularly after the recent toll rights expiration of another major roadway. The acquisition is subject to approval by independent shareholders, as it constitutes both a discloseable and a connected transaction under the Listing Rules.
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