Hashtag
Men's Weekly

Yuexiu Transport proposes to acquire 55% equity interests in Henan Yuexiu Pinglin Expressway Company

Further enhance the Company's earnings per share and maintain long-term financial stability

HONG KONG SAR - Media OutReach Newswire - 9 October 2024 - Yuexiu Transport Infrastructure Limited ("Yuexiu Transport" or the "Company"; stock code: 01052.HK) announced today that a wholly-owned subsidiary of the Company has entered into an agreement to acquire 55% equity interests in the target company which holds the toll collection rights of Henan Yuexiu Pinglin Expressway Company Limited (the "Target Company") from Guangzhou Yue Xiu Holdings Limited ("Yue Xiu Group"), the controlling shareholder of the Company, for a total cash consideration of approximately RMB758.45 million.

The acquisition is subject to approval by independent shareholders.

The Henan Pinglin Expressway, located in the core development area of the Zhongyuan city cluster, has a toll mileage of 106.45 km. It is an important component of the G36 Nanjing-Luoyang Expressway, one of the 18 east-west trunk lines of the national "71118" expressway network, and also one of the main logistics roads connecting the northwestern China and coastal region in southeastern China. The expressway has been in operation for over 18 years since it commenced operation in 2006, with a mature and stable surrounding expressway network.

Given its geographical advantage, Yuexiu Transport believes that the Henan Pinglin Expressway will continue to benefit from the national "Rise of Central China" regional development plan. The Company is optimistic about the long-term economic development in Central China, and the acquisition of the Henan Pinglin Expressway aligns with the Company's strategy to expand its business footprint in the region and will help the Company further seize opportunities from the "Rise of Central China" plan. Additionally, as the Henan Pinglin Expressway is near the Weixu Expressway and the Lanwei Expressway, which are operated by the Company, a unified operation and management and a district management model would enable to achieve economies of scale and enhance management efficiency.

The Target Company is in good financial position and recorded a profit of RMB119.12 million in the first year after obtaining the toll collection rights of the Henan Pinglin Expressway in February 2023. For the seven months ended 31 July 2024, the Target Company's revenue was RMB303.52 million and after-tax profit was RMB80.40 million. Upon completion of the acquisition, the Henan Pinglin Expressway is expected to bring enhanced cash flow and profits to the Yuexiu Transport, add momentum to the growth of the Company's toll revenue and profit, and increase the Company's earnings per share.

Yuexiu Transport believes that the acquisition of the Henan Pinglin Expressway aligns with the Company's investment and development strategy of "focusing on the Guangdong-Hong Kong-Macao Greater Bay Area and Central China". Meanwhile, the Henan Pinglin Expressway will create economies of scale with the Weixu Expressway and the Lanwei Expressway in Central China, directly contributing to the Company's toll revenue and profit, expanding the Company's operating scale and enhancing its sustainable development capabilities.

Looking ahead, Yuexiu Transport will continue to refine its integrated business strategy of "investment, financing, operation, and divestment". By establishing an incubation platform to secure quality assets and leveraging the domestic infrastructure REITs platform, the Company aims to dynamically adjust and continuously optimize its asset portfolio through the synergistic interaction between the incubation platform, infrastructure REITs platform and listed company platform, and strives to create greater value for shareholders.


Hashtag: #YuexiuTransport

The issuer is solely responsible for the content of this announcement.

Business News

Prudential and Prudence Foundation Provide Free Mental Health Support to Vulnerable Communities

In partnership with Intellect, the programme will be launched in Malaysia and Vietnam to make mental healthcare more accessible for vulnerable or at-risk groups HONG KONG SAR - Media OutReach Newswir...

Hashtag.net.au - avatar Hashtag.net.au

Trend Micro Named a Leader in IDC MarketScape for CNAPP

HONG KONG SAR - Media OutReach Newswire - 2 July 2025 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced it has been named as a Leader in the IDC Marke...

Hashtag.net.au - avatar Hashtag.net.au

Drug & Medical Device & Aesthetics, 肌顏態 was displayed at the CSD2025, The GeneQueens and 金因敷 launch was grandly held in Changsha

HONG KONG SAR - EQS Newswire - 2 July 2025 - On June 27, 2025, Uni-Bio Science Group Limited (the "Group")grandly held a new medical aesthetics product launch event in Changsha, releasing the high-end...

Hashtag.net.au - avatar Hashtag.net.au

Amazon Singapore Unveils a Week of Prime Day Deals and a Special Public Maze Event for Prime Day 2025

Prime members can access exclusive deals from brands such as Neutrogena, FOREO, Resto, Cricut, Pigeon, PicassoTiles and Coca-Cola from 8 – 14 July. Free Public event: Amazon Prime Day Maze at Suntec...

Hashtag.net.au - avatar Hashtag.net.au

Themed Forum of "Mountain Biodiversity and Our Life" to Kick off "Guizhou Example" Empowering Global Mountain Eco-treatment

GUIYANG, CHINA - Media OutReach Newswire - 2 July 2025 - Recently, Eco Forum Global Guyang 2025 announced at a press briefing that the themed forum "Mountain Biodiversity and Our Life" will be held i...

Hashtag.net.au - avatar Hashtag.net.au

Asia's First Porsche Design Tower Offers Revolutionary Luxury Living Experience to Bangkok's Vibrant Japanese Community

STUTTGART, GERMANY / TOKYO, JAPAN - Media OutReach Newswire - 24 June 2025 - Porsche Design Tower Bangkok emerges as a defining statement of excellence in luxury automotive-inspired living. As Asia's...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

How to Pick the Best Hair Loss Treatment for You

Hashtag.net.au - avatar Hashtag.net.au

Hair loss invades the lives of millions worldwide, wreaking havoc with self-esteem and self-image. With so many to choose from—whether it is topical treatment and medications or newer surgical metho...

Understanding Root Canal Treatment: What You Need to Know

Hashtag.net.au - avatar Hashtag.net.au

Image by pvproductions on Freepik When it comes to dental health, many people hear the term root canal treatment and immediately feel a bit uneasy. This procedure often gets a bad reputation, but und...

Telehealth Could be the Catalyst for Better Heart Health in Australia

Hashtag.net.au - avatar Hashtag.net.au

Image by stockking on Freepik Heart disease is one of the leading causes of death in Australia despite decades of advancements in medicine and health education campaigns. More than 400 Australians ...