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yuexiutransport (01052.HK): Acquiring Pinglin Expressway will enhance the company's performance with high-quality assets.
Event: The company plans to acquire 55% equity of Henan Yuexiu Pinglin Expressway Co., Ltd. (hereinafter referred to as the Project Company) at a price of 0.758 billion yuan. The main business of the Project Company is the operation of Pinglin Expressway; at the same time, the company plans to sell Tianjin Jinxiong through public listing.
Yuexiutransport (01052.HK): The expected return on investment for the acquisition of Pinglin Expressway project is estimated to be around 9.2%, and there is not ruled out the possibility of "going global" in the future.
Yuexiu Transport (01052.HK) announced earlier that its wholly-owned subsidiary will acquire 55% equity of Henan Yuexiu Pinglin Expressway from the controlling shareholder Yuexiu Group for a total cash consideration of approximately 0.758 billion RMB. Liu Chunli, Director of Capital Operation Department of Yuexiu Transport, revealed that the acquisition will be carried out with the company's own funds, without borrowing from banks or financing from shareholders. Therefore, it will not increase the company's financial burden, while enhancing shareholder returns. She mentioned that the compound annual growth rate of revenue of Henan Yuexiu Pinglin Expressway from 2010 to 2019 is approximately 7.05%; 20.
Yuexiutransport (01052.HK) has been approved to issue a variety of debt financing products in stages.
Yuexiutransport (01052.HK) announced that it has applied to the Bank of China Interbank Market Dealers Association for a unified registration quota of 15 billion RMB for multi-variety debt financing instruments. After the approval of the association and depending on the current market conditions and the capital needs of the group, yuexiutransport can staggeredly issue commercial paper, short-term financing bonds, medium-term notes, perpetual bonds, asset-backed notes, green debt financing instruments, and other products at an appropriate time. The debt financing instruments issued will be traded and listed on the Bank of China Interbank Bond Market. (js/w)~
Tender Process for 60% Equity Interest in Yuexiu Transport Infrastructure's Stepdown Subsidiary Starts
yuexiutransport (01052.HK) plans to sell 60% equity of tianjin Jinfu Expressway and initiate the public listing process officially.
Glory Times November 3rd | Yuexiutransport (01052.HK) announced plans to sell 60% equity of Tianjin Jinfu Expressway. As of the date of this announcement, Xiangtong has completed the pre-disclosure before listing, and the formal listing notice has been submitted to the Guangdong United Property Rights Trading Center and Guangdong Stock Exchange. It has also been published on the Guangdong United Property Rights Trading Center website and the Guangdong Stock Exchange website on the date of this announcement to initiate the formal listing process. The minimum price for the potential sale (i.e., the floor price for transferring equity) is RMB 0.19 billion. The final price will depend on the final delisting price, but will not be lower than the minimum price in any case.
Fitch Affirms Yuexiu Transport Infrastructure Following Announced Purchase of Henan Pinglin Expressway
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