2022
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11
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18
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 operated by the Target Company and approved by the shareholders’ meeting for acquisition is located in Henan Province. It is in line with the company’s explicit strategy for development in central China over the past years and is conducive to enriching the regional portfolio of assets and enhancing anti-risk ability while improving the project management scale in central China. Henan Province ranks firs...