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177 Jiangsu Expressway Co News Story

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Brief: Jiangsu Expressway Says Luode Huizhi Master Fund To Distribute 151.9518 Million Shares Of Xiamen International Bank

March 30 (Reuters) - Jiangsu Expressway Co Ltd 600377.SS:

AGREED THAT LUODE HUIZHI MASTER FUND SHALL DISTRIBUTE LEGALLY ACQUIRED 151.9518 MILLION SHARES OF XIAMEN INTERNATIONAL BANK

AS AT MARCH 30, UNIT CONTRIBUTED RMB500 MILLION TO LUODE HUIZHI FUND AND HAS RECOVERED RMB139.8615 MILLION

PARTNERS OF PROJECTS INVESTED BY LUODE HUIZHI FUND HAVE ENCOUNTERED CERTAIN OPERATIONAL RISKS

DISTRIBUTION IN THE FORM OF IN-KIND DISTRIBUTION BASED ON TOTAL APPRAISED VALUE  OF RMB524.2675 MILLION

Further company coverage: 600377.SS

 ((Reuters.Briefs@thomsonreuters.com;))

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