Brief: Shenzhen Expressway To Buy Infrastructure Assets From Shenzhen Investment Holding

Shenzhen Investment Holdings Bay Area Development

10/08/2021 11:39

Aug 10 (Reuters) - Shenzhen Expressway Co Ltd
 600548.SS  0548.HK  :
    * SAYS UNIT AGREES TO BUY SHENZHEN INVESTMENT HOLDING'S
INFRASTRUCTURE UNIT FOR ABOUT HK$2.45 BILLION  ($314.83 million)
    * SAYS INCLUDING DEBTS AND OTHER FEES, TOTAL COST OF THE
ACQUISITION IS NO HIGHER THAN HK$10.5 BILLION
    * SAYS IT WILL INDIRECTLY OWNS 71.8% STAKE IN SHENZHEN
INVESTMENT
HOLDINGS BAY AREA DEVELOPMENT CO LTD  0737.HK  AFTER THE
TRANSACTION

Source text in Chinese: https://bit.ly/3yBgzHR
Further company coverage:  600548.SS 

($1 = 7.7821 Hong Kong dollars)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))