根据框架协议，受正式合资协议的条款及条件所规限，订约方将合作成立合营企业，以进行印尼的道路及港口码头开发项目及╱或其他潜在收费公路建设项目的EPC工作。预计负责该等项目的合营企业将由带路基金及公司分别持有80%股权及20%股权。ZhIdao Int'l (01220) surged nearly 54%, as of the time of publication, up 53.7%, at HK$0.083, with a turnover of 1.6966 million Hong Kong dollars.
According to the Futu Securities APP, ZhIdao International (01220) surged nearly 54%, as of the time of publication, up 53.7%, at HK$0.083, with a turnover of 1.6966 million Hong Kong dollars.
On the news front, ZhIdao International announced that on October 9, 2024, the company entered into a framework agreement with Belt and Road Initiative Concept Limited Partnership Fund (acting through its general partner, Belt and Road EPC Capital Limited) (Belt and Road Fund), concerning potential joint venture cooperation in several projects in Indonesia, including engineering, procurement, and construction (EPC) projects.
According to the framework agreement, subject to the terms and conditions of the formal joint venture agreement, the parties will collaborate to establish a joint venture to undertake EPC work on road and port development projects in Indonesia and/or other potential toll road construction projects. It is anticipated that the joint venture responsible for these projects will be held 80% by Belt and Road Fund and 20% by the company.
According to reports, the Belt and Road Fund is a limited partnership fund established under Hong Kong law, with the sole purpose of investing in large EPC projects in Belt and Road Initiative Concept countries, with a specific focus on road and bridge EPC, transportation, marine infrastructure, natural resources and mining, metal trading, agriculture, and e-payment enterprises.
