ANHUIEXPRESSWAY (00995.HK) announced that it entered into a purchase agreement with Anhui Communication Control Group on December 31 last year. According to reports, ANHUIEXPRESSWAY conditionally agreed to acquire equity in Fuzhou Company and Sixu Company from Anhui Communication Control Group for a consideration of 4.77 billion yuan.
The Assets involved in the Trade include an 83.57-kilometer toll mileage for the Fuzhou Expressway, starting at Liu Xiaojij Interchange in Lixin County, Bozhou City, and ending at Fengjing Town in Huoqiu County, Lu'an City. The Huai Bei section of the Sixu Expressway starts from Xiaozhao Village in Gurao Town, Lie Shan District, Huaibei City, and ends at the provincial border between Anhui and Henan, covering a toll mileage of 52.2 kilometers.
Upon closing, ANHUIEXPRESSWAY will acquire equity in all issued share capital of Fuzhou Company and Sixu Company, making Fuzhou Company and Sixu Company its wholly-owned subsidiaries.
