share_log

江苏宁沪高速公路(00177):取得无锡市交通产业集团及常州高速公路投资发展放弃对苏锡常南部高速公司65%股权的优先购买权的主张

Jiangsu Ninghu Expressway (00177): Obtaining the claim of preferential purchase rights for 65% of Suxi Changnan Expressway Company's shares from Wuxi Transportation Industry Group and Changzhou Expressway Investment and Development

Zhitong Finance ·  Mar 3 05:08

Jiangsu Ninghu Expressway (00177) issued an announcement to further expand the company's assets in the Southern Jiangsu Expressway network...

Zhitong Finance App News, Jiangsu Ning—Shanghai Expressway (00177) issued an announcement. In order to further expand the size of the company's assets in the Southern Jiangsu Expressway network, improve the main business layout, and enhance sustainable development capabilities, on January 26, 2024, the company (as buyer and transferee) signed an “Equity Transfer Agreement” with Jiangsu Traffic Control (as seller and transferor) to acquire 65% of its shares in the Suxi Changnan Expressway Company. The final price is RMB 5.201 billion (transfer consideration is calculated on a pro rata basis based on the assessed value of the evaluation report). The valuation registered by the state-owned assets management department shall prevail. After the acquisition is completed, the company will hold 65% of Suxi Changnan Expressway Company's shares.

On March 1, 2024, the company held the 25th meeting of the 10th board of directors to review and pass the “Proposal on Signing the 65% Equity Transfer Supplementary Agreement”. The company and Jiangsu Traffic Control signed the “Supplementary Agreement on the 'Equity Transfer Agreement'” on the performance compensation promise and consideration payment plan for the 65% share transfer of Suxi Changnan Expressway Company.

As of the date of this announcement, the company has obtained from Wuxi Transportation Industry Group Co., Ltd. and Changzhou Expressway Investment and Development Co., Ltd. relinquish the claim of preferential purchase rights and protection time relating to the right to priority purchase of 65% of Suxi Changnan Expressway Company's shares.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment