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A Proposal for the Acquisition of Lanwei Expressway in Henan Province by Yuexiu Transport Was Endorsed by An Overwhelming Majority Vote
A Proposal for the Acquisition of Lanwei Expressway in Henan Province by Yuexiu Transport Was Endorsed by An Overwhelming Majority Vote
2022 - 11 - 18
Click count: 128
On the morning of November 18, 2022, Yuexiu Transport Infrastructure Limited (stock code: 01052.HK) held a special general meeting of shareholders. Chairman Li Feng presided over the meeting via video link. The meeting discussed the proposal for acquiring 100% of the equity of a company (“Target Company”) engaging in the operation of Lanwei Expressway in Henan Province, China through the company’s wholly-owned subsidiary from Yuexiu Group at a total price of 1.098 billion yuan. The proposal was finally passed at the meeting by as high as 99.98% of affirmative votes.The Lanwei Expressway operat...
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Moody’s and Fitch say the acquisition of Lanwei and the land expropriation work of the preliminary portion of the GNSR Expressway R&E project will not affect the company
Moody’s and Fitch say the acquisition of Lanwei and the land expropriation work of the preliminary portion of the GNSR Expressway R&E project will not affect the company's rating
2022 - 11 - 10
Click count: 206
Yuexiu Transport is committed to maintaining the investment-grade credit ratings (Moody’s: Baa2, Fitch: BBB) from Moody's and Fitch, which issued separate press releases following the company's announcement on the acquisition of Lanwei Expressway and the land expropriation work agreement in connection with the preliminary portion of the GNSR Expressway R&E project.Moody’s says: “Assuming the two transactions are executed as planned, Moody's estimates that Yuexiu Transport's leverage, as measured by funds from operations/debt, will be in the range of 13%-15% in 2022-24, whic...
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Guangzhou Northern Second Ring Expressway Co., Ltd. and Baiyun District Have Signed An Agreement on Land Expropriation for the Preliminary Works, A Big Step Forward to Substantial Commencement
Guangzhou Northern Second Ring Expressway Co., Ltd. and Baiyun District Have Signed An Agreement on Land Expropriation for the Preliminary Works, A Big Step Forward to Substantial Commencement
2022 - 10 - 18
Click count: 101
On October 17, 2022, the company issued a voluntary announcement. On the same day, Guangzhou Northern Second Ring Expressway Co., Ltd. and Baiyun Land Expropriation Office formally concluded an Agreement on Land Expropriation for the Baiyun Section (Preliminary Works) of Guangzhou North Second Ring Expressway Project (“this Agreement”). As the preliminary step of the reconstruction and expansion project of the Guangzhou North Second Ring Expressway (GNSR Expressway), the signing of the agreement marks a big step forward to the substantial commencement of the reconstruction and e...
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Yuexiu Transport Intends to Acquire Henan Lanwei Expressway | Deepen Three Platform Interaction to Increase the Profitability of the Listed Company to A New Level
Yuexiu Transport Intends to Acquire Henan Lanwei Expressway | Deepen Three Platform Interaction to Increase the Profitability of the Listed Company to A New Level
2022 - 10 - 17
Click count: 79
On October 17, 2022, the company announced that it intends to acquire 100% equity of Henan Yuexiu Lanwei Expressway Co., Ltd. (“Jinlan Project”) from Yuexiu Group. The Jinlan Project is another practice of Yuexiu Transport to obtain high-quality assets in the mode of “parent incubation” after the Rhododendron Project and also an important measure of the company to implement the development strategy of its “14th Five-Year Plan” and realize three-major-platform interaction. It serves as a milestone for the company to seize opportunities of road toll right auction in a similar platform inter...
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Yuexiu Transport Infrastructure Announces 2022 Interim Results
Yuexiu Transport Infrastructure Announces 2022 Interim Results
2022 - 08 - 09
Click count: 190
Steady Overall Operation Supported byGradual Recovery in Traffic Volume and Toll Revenue  Grasping Strategic Development Opportunities to Promote Interactions of Three Platforms  Financial Highlights:For the six months ended 30 June20222021ChangesRevenue (RMB ’000)1,615,5381,831,743-11.8%Profit attributable to shareholders (RMB ’000)295,318 467,699-36.9%Basic earnings per share (RMB)0.1765 0.2795-36.9%Interim dividend per share (HK$)0.10 0.20-50.0%Interim dividend payout ratio48.8%59.5%Down 10.7 percentage points (9 August 2022 – Hong Kong) Yuexiu Transport Infr...
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Public-offering REIT of Yuexiu Transport Successfully Listed, with a Good Start on the First Day
Public-offering REIT of Yuexiu Transport Successfully Listed, with a Good Start on the First Day
2021 - 12 - 14
Click count: 815
On December 14, 2021, under the guidance of the National Development and Reform Commission, China Securities Regulatory Commission and Shenzhen Stock Exchange, and with the strong support from Guangdong Development and Reform Commission, CPC Guangzhou Municipal Committee, Guangzhou Municipal People’s Government, Guangzhou State-owned Assets Supervision and Administration Commission and other departments, the ceremony for the listing of Real Estate Investment Trust for Huaxia Yuexiu Expressway ('Huaxia Yuexiu Expressway REIT'; fund cod: 180202) was successfully held. With the bell ringi...
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Yuexiu Transport Infrastructure Announces 2020 Annual Results
Yuexiu Transport Infrastructure Announces 2020 Annual Results
2021 - 03 - 09
Click count: 318
Successfully withstands pandemic’s impact and demonstrates significant operational resilience Achieves Profit GainsFinancial Highlights: Yuexiu Transport Infrastructure Limited (“Yuexiu Transport Infrastructure” or the “Company”; stock code: 1052) announced its 2020 annual results on 9th March 2021.During the Reporting Year, the Ministry of Transport of China extended the implementation of toll exemption for small passengers cars with seven seats or less during the spring festival holiday by 9 days apart from the original plan, and implemented toll fee exemption for cars on toll roads acr...
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Good news! — Yuexiu Group Won theToll Right for Remaining Years of the Lankao-Weishi Expressway in Henan with Reserve Price
Good news! — Yuexiu Group Won theToll Right for Remaining Years of the Lankao-Weishi Expressway in Henan with Reserve Price
2020 - 12 - 19
Click count: 231
As the extension of Rizhao-Lankao National Expressway in Henan, Lankao-Weishi Expressway is an important part of the backbone highway network of the province and an important passage from central Henan to Shandong Province. It is an axis that links up the economic development of the regions along the line such as Weishi, Lankao and Xuchang. With a total length of 61.03km, it consists of bidirectionally 4 lanes and involves a total investment of about 2.4 billion yuan. The remaining toll collecting period is 13.5 years. In recent years, its traffic has maintained an obvious momentum of continuo...
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Yuexiu Transport Infrastructure Announced 2020 Interim Results
Yuexiu Transport Infrastructure Announced 2020 Interim Results
2020 - 08 - 19
Click count: 255
The Company gets through difficult operating environment with strong financial position Business of toll roads and bridges resumes growth    Financial Highlights:For the six months ended 30 June20202019ChangeRevenue (RMB ’000)839,5901,380,910-39.2%(Loss)/profit attributable to:Shareholders (RMB ’000)(288,121)635,070— Yuexiu Transport Infrastructure Limited (“Yuexiu Transport Infrastructure” or the “Company”; stock code: 1052) announced its 2020 interim results on 19th August 2020. In the first half of 2020, the coronavirus pandemic raged in the entire world. Many ...
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Framework Agreement for Strategic Cooperation Signed between Yuexiu Group and Guangzhou Communication Investment Group
Framework Agreement for Strategic Cooperation Signed between Yuexiu Group and Guangzhou Communication Investment Group
2020 - 05 - 29
Click count: 115
On May 28, a ceremony was held for signing a framework agreement for strategic cooperation between Yuexiu Group and Guangzhou Communication Investment Group (“GTIG”). Zhang Zhaoxing, secretary of the Party Committee and chairman of Yuexiu Group, and Yang Yuzheng, secretary of the Party Committee and chairman of GTIG attended the ceremony.General Manager Ye Shanhu of Yuexiu Group and GTIG General Manager Xu Jiehong signed the agreement on behalf of the two parties. Under the agreement, the parties will start comprehensive strategic cooperation in the fields of traffic infrastructure, urban reno...
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1000-year-old Maritime Silk Road Reopened with Start of Pazhou-Hong Kong-Macao Passager Port Project
1000-year-old Maritime Silk Road Reopened with Start of Pazhou-Hong Kong-Macao Passager Port Project
2020 - 05 - 28
Click count: 163
Pazhou has been a significant place of all times.The ancient Pazhou Port has been an important trade port since the Song Dynasty. By the Qing Dynasty, the important of the ancient Huangpu Port at Pazhou rose to its peak as it became the only port for trade between the Qing Dynasty and the rest of the world.On May 26, a ceremony was held for business promotion and start of the Pazhou-Hong Kong-MacaoPassenger Port (“Project”) on the bank of the river where legend has it that “golden turtles often emerged shining like sun”.  At the ground breaking ceremony for Project promotion held in Guang...
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Yuexiu Transport Infrastructure Announced 2019 Annual Results
Yuexiu Transport Infrastructure Announced 2019 Annual Results
2020 - 03 - 07
Click count: 196
Operating Results hit record highsThe company expands and strengthens business to achieve stable growth for the long term1.     Annual operating results hit record highs, reflecting continuing momentum of steady growth On March 6, Yuexiu Transport Infrastructure Limited held press conference to announce its annual results and payment of the final dividend for 2019. For the year ended 31 December 2019, the Company’s revenue and return on equity (ROE) hit record highs. The revenue increased by 6.2% to RMB3.02 billion, exceeding RMB3 billion for the first time. Profi...
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Yuexiu Transport passes resolutions by a unanimous vote at special general meeting on acquisition of three expressways in Hubei Province
Yuexiu Transport passes resolutions by a unanimous vote at special general meeting on acquisition of three expressways in Hubei Province
2019 - 11 - 06
Click count: 175
(5 November 2019, Hong Kong) Yuexiu Transport Infrastructure Limited (“Yuexiu Transport Infrastructure” or the “Company”) held a special general meeting at Novotel Century Hong Kong to pass resolutions on the acquisition of three expressways in Hubei Province from Yue Xiu Enterprises (Holdings) Limited. The resolutions were passed by a unanimous vote.  All the three acquired expressways are located in Wuhan, the capital of Hubei province, and the city’s surrounding area. The possible synergies will be formed with other expressways in Hubei Province under the Company. Hancai Expresswa...
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