Brief: Chengdu Expressway Says Controlling Shareholder Won Expressway Construction Project Bid
11/03/2019 14:47
March 11 (Reuters) - Chengdu Expressway Co Ltd 1785.HK :
* SAYS CONTROLLING SHAREHOLDER WON BID OF EXPRESSWAY
CONSTRUCTION
AND OPERATION PROJECT
* PROJECT IS ESTIMATED TO BE A LOSS MAKING SITUATION IN
FIRST
ELEVEN YEARS OF ENTIRE TERM OF ABOUT 29 YEARS OF OPERATING
PERIOD
* CHENGDU COMMUNICATIONS INVESTMENT GROUP AS PART OF A
CONSORTIUM
WON BID FOR A PROJECT
* MEMBERS OF CONSORTIUM TO SET UP A PROJECT CO TO MANAGE
JINGKUN
EXPRESSWAY EXPANSION PROJECT
* ALL INDEPENDENT NON-EXECUTIVE DIRECTORS OF CO RESOLVE TO
NOT
PARTICIPATE IN PROJECT
Source text for Eikon: urn:newsml:reuters.com:*:nHKSbhvzkv
Further company coverage: 1785.HK
(Reuters.Briefs@thomsonreuters.com)
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