Tender Process for 60% equity interest in Yuexiu Transport Infrastructure's Stepdown Subsidiary Starts

MT Newswires Live11-04 22:02

Yuexiu Transport Infrastructure (HKG:1052) said the formal tender notice submitted by its subsidiary Choice Tone for the disposal of 60% equity interest in Tianjin Jinfu Expressway was published and the formal process of the tender has started, a Sunday Hong Kong bourse filing said.

Choice Tone completed the pre-listing disclosure for the disposal of 60% equity interest in Tianjin Jinfu Expressway and submitted a formal tender notice to GUAEE and GEMAS.

The minimum consideration set for the disposal is 190.8 million yuan.

The company expects the proceeds from the disposal to improve the group's cash flow and increase its net profit.

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