Yuexiu Transport Infrastructure Limited (01052) announced an agreement to acquire 85% equity interests in a company operating an expressway in Shandong Province for a total consideration of RMB1,153.50 million. The vendor is the ultimate controlling shareholder of Yuexiu Transport Infrastructure, making this a discloseable and connected transaction, subject to independent shareholders’ approval.
Upon completion, Yuexiu Transport Infrastructure will indirectly hold 85% of the newly purchased target, which owns the concession right to operate a 60.693-kilometer expressway segment in Shandong. The expressway’s toll collection periods extend until 2045 and 2047 for different sections, which is expected to increase the weighted average remaining concession period of the group’s controlled expressways by approximately 0.8 year. The target company reported revenue of RMB752.50 million in 2024 and recorded profits in 2024 as well as the first eight months of 2025.
Company management highlighted alignment with regional expansion goals and the potential for enhanced profits, noting that the high proportion of truck traffic and proximity to various seaports and industrial zones should support stable growth in toll revenue. A special general meeting will be convened for independent shareholders to vote on the acquisition, and the circular containing details of the transaction is expected to be dispatched on or before 31 December 2025.
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