Brief: Zhejiang Expressway Announces Formation Of Joint Venture

Zhejiang Expressway Co

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;))