Brief: Zhejiang Expressway Announces Formation Of Joint Venture
24/11/2023 15:21
Nov 24 (Reuters) - Zhejiang Expressway Co Ltd 0576.HK :
* DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO
FORMATION
OF JOINT VENTURE FOR ACQUISITION
* COMPANY AND CHINA MERCHANTS EXPRESSWAY ENTERED INTO JV
AGREEMENT
* CO AND CHINA MERCHANTS EXPRESSWAY ENTERED INTO EQUITY
ACQUISITION AGREEMENT
* CONSIDERATION FOR 60% STAKE IN HUNAN YONGLAN EXPRESSWAY
RMB3,472.19 MILLION
* PARTIES AGREE TO FORM JOINT VENTURE IN PRC FOR PURPOSE OF
ACQUISITION OF 60% STAKE IN HUNAN YONGLAN EXPRESSWAY
Further company coverage: 0576.HK
((Reuters.Briefs@thomsonreuters.com;))
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