SICHUAN EXPRESS (00107.HK) announced a related transaction, acquiring 85% equity in the Jingyi Expressway Co., Ltd., which holds the concession rights for the Jingyi Expressway located in Hubei Province, from Shudao Chuangtou for a cash consideration of RMB 2.409 billion, to be funded by internal resources and/or bank loans.
The Jingyi Expressway has a total length of 94.998 kilometers, with an operating period from December 25, 2007, to March 13, 2038

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Sichuan Express announced a related transaction, acquiring 85% equity in the Jingyi Expressway Co., Ltd., which holds the concession rights for the Jingyi Expressway located in Hubei Province, from Shudao Chuangtou for a cash consideration of RMB 2.409 billion, to be paid using internal resources and/or bank loans. The Jingyi Expressway has a total length of 94.998 kilometers, with an operating period from December 25, 2007, to March 13, 2038

Sichuan Express holds a 85% stake in Jingyi Expressway at a cost of 2.4 billion RMB