Yuexiu Transport Infrastructure (HKG:1052) unit Choice Tone is considering selling its 60% equity interest in Tianjin Jinfu Expressway by way of a public tender on GUAEE, a Monday bourse filing said.
The target company is a Sino-foreign joint venture engaging mainly in the construction, operation, management, and maintenance of the Tianjin section of the Jinxiong expressway.
The remaining 40% stake in Tianjin Jinfu Expressway is held by state-owned Tianjin Expressway Group, the toll road developer and operator said.
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