Group 1 - The company, Yuexiu Transportation Infrastructure (01052.HK), announced a conditional agreement to sell 85% equity of Shandong Qinbin Expressway Construction Co., Ltd. for RMB 1.154 billion, with the transaction expected to close by December 3, 2025 [1] - Following the completion of the transaction, the target company will become an indirect non-wholly owned subsidiary of the company, and its financial performance will be consolidated into the group's financial statements [1] - The Qinbin Expressway is a crucial coastal expressway in the Bohai Rim region and is part of the national expressway network, specifically the Jingha Expressway (G1) connection line [1] Group 2 - The target expressway is located in Shandong Province, a significant economic and industrial hub in eastern coastal China, aligning with the company's regional expansion strategy to benefit from the economic growth in the area [2] - The expressway is situated along a route with a developed chemical industry and numerous seaports, indicating a high freight traffic volume, which is expected to account for nearly 50% of the total traffic in 2024 [2] - The company is anticipated to continue benefiting from the deepening economic cooperation in the Bohai Rim region and the strengthening economic ties between Shandong and the Beijing-Tianjin-Hebei region, with freight traffic proportions expected to remain stable [2]
越秀交通基建(01052.HK)附属拟收购山东秦滨高速85%股权 拓展东部沿海布局