Gelonghui October 20?Guangdong Expressway A (000429.SZ) announced that the board of directorsIt is agreed that the company should increase investment in the construction of G80 Guangkun Expressway from Hengjiang to Ma'an in Guangdong Province. It is agreed that the company is based on the estimated investment amount of 9.22 billion yuan approved by the Guangdong Development and Reform Commission, and the project capital is 35% of the total investment, that is, 3.227 billion yuan. The company's capital contribution is 806.75 million yuan according to the 25% share ratio of Yuezhao Co., Ltd., and the final project completion price shall prevail.
Guangdong Road and Bridge Construction and Development Co., Ltd. is one of the shareholders of Yuezhao Company, holding 25% of the shares. Guangdong Communications Group Co., Ltd., the controlling shareholder of the Company, is also the controlling shareholder of Road and Bridge Company. according to the rules governing the listing of shares on the Shenzhen Stock Exchange, this transaction constitutes a related party transaction of the Company.
