Chengdu Expressway Co. Ltd. has provided an update regarding the acquisition of equity interest in Sichuan Tianfu Airport Expressway Co., Ltd. by its controlling shareholder. This follows a previous supplemental agreement related to a non-competition arrangement among Chengdu Expressway, Chengdu Communications Investment, and Chengdu Communications Investment Transportation Construction and Management Group Co., Ltd. The acquisition involves agreements with China Railway Group Limited and China Railway Construction Corporation Limited at a consideration of RMB 3,855,697,200. The company noted that if it exercises certain rights under the agreements related to the Tianfu Airport Expressway project, it will follow required approval and disclosure procedures.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chengdu Expressway Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251228-11967629), on December 28, 2025, and is solely responsible for the information contained therein.
