Sichuan Expressway Holds 85% Stake in Chengya Company

Deep News11-05

Sichuan Expressway Company Limited (SHA: 601107) announced on November 5 in response to investor inquiries that the Chengdu-Ya'an Expressway is currently operated and managed by its third branch, with the company holding 100% of its rights and interests.

The expansion and reconstruction project of the Chengdu-Ya'an Expressway is being invested in, constructed, and operated by the newly established Chengya Company. Upon completion, Chengya Company will hold 100% of the toll rights. Sichuan Expressway holds an 85% stake in Chengya Company, making it the controlling shareholder, and will consolidate Chengya's financial data into its statements.

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