MTR (HKG:0066) reached a settlement with the Hong Kong government over long-standing disputes related to two major railway projects without admission of liability by either party.
The company agreed to pay HK$2.25 billion to the government under Guangzhou-Shenzhen-Hong Kong Express Rail Link project settlement.
All major issues related to the Shatin to Central Link project have also been settled, with some exceptions, without the payment of any settlement sums.
The state-owned public transport operator believes the settlement will help avoid lengthy and costly dispute resolution proceedings.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments