Brief: Yuexiu Transport Infrastructure Announces Aquisition Of Interests In Companies Operating Three Expressways In Hubei Province

Yuexiu Transport Infrastructure

12/09/2019 16:26

Sept 12 (Reuters) - Yuexiu Transport infrastructure Ltd
 1052.HK :
    * ANNOUNCES  AQUISITION OF INTERESTS IN COMPANIES OPERATING
THREE
EXPRESSWAYS IN HUBEI PROVINCE
    * AMOUNT OF CONSIDERATION FOR ACQUISITION OF TARGET EQUITIES
IS
RMB1.11 BILLION
    * UNIT TO BUY YUEXIU (HUBEI) EXPRESSWAY, 38.5% OF HANCAI,
TARGET
SHAREHOLDER'S LOAN OF RMB4.65 BILLION
    * YUEXIU TRANSPORT INFRASTRUCTURE - FOR ILLUSTRATIVE
PURPOSES, IF
LOAN COMPLETION OCCURS ON 31 DEC, TOTAL CONSIDERATION PAYABLE TO
BE RMB6.00 BILLION
    * GUANGZHOU YUE XIU ENTERPRISES TO GRANT A BRIDGING LOAN
FACILITY
OF UP TO RMB850 MILLION TO YXHB

Source text for Eikon:  ID:nHKS4ZTZzD 
Further company coverage:  1052.HK 

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