GPED: Received government documents clarifying that the Guangfo Expressway will be managed by the government
According to the Zhitong Finance APP, GPED announced that the company received a government document stating that the Guangfo Expressway will be managed by the government. The operating maintenance costs advanced by Guangfo Expressway Co., Ltd. (hereinafter referred to as "Guangfo Company") will be paid to Guangfo Company by the relevant units after auditing and settlement procedures are carried out. The company holds a 75% equity stake in Guangfo Company, which plans to reverse the bad debt provision for the advanced maintenance expenses of the Guangfo Expressway that has been accrued
According to the announcement from Zhitong Finance APP, GPED (000429.SZ) has received a government document stating that the Guangfo Expressway will be managed by the government. The operating maintenance costs advanced by Guangfo Expressway Co., Ltd. (hereinafter referred to as "Guangfo Company") will be paid to Guangfo Company by the relevant units after auditing and settlement procedures. The company holds a 75% equity stake in Guangfo Company, which plans to reverse the bad debt provision for the advanced maintenance expenses of the Guangfo Expressway that has been accrued
