Brief: Zhejiang Expressway Proposes To Launch An Asset-Backed Special Program

Zhejiang Expressway Co

19/09/2022 14:02

Sept 19 (Reuters) - Zhejiang Expressway Co Ltd  0576.HK :
    * PROPOSES TO LAUNCH AN ASSET-BACKED SPECIAL PROGRAM
    * PRINCIPAL SUM OF ABS TO BE ISSUED IS APPROXIMATELY
RMB6,317
MILLION
    * IN ISSUANCE OF ABS, CO WILL TRANSFER ENTIRE EQUITY
INTERESTS IN
SHENJIAHUHANG AT CONSIDERATION TO BE NOT LESS THAN RMB2,943
MILLION
    * CO TO RECOGNIZE UNAUDITED ESTIMATED GAIN OF RMB1,935
MILLION ON
CONSOL BASIS FROM PROPOSED ISSUANCE OF ABS

Source text for Eikon:  ID:nHKS68R3jn 
Further company coverage:  0576.HK 

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