Jinwu Financial News | Yuexiu Transportation Infrastructure (01052) announced on the Guangdong Joint Property Exchange and Canton Stock Exchange website to launch a public listing sale of 60% of the shares in the Tianjin Jinfu Expressway. The lowest cost of the potential sale is about RMB 0.19 billion.
According to the Group, the Tianjin Jinfu Expressway is engaged in the construction and operation of the Jinxiong Expressway. Considering that the toll period is 6 years left, and that the extension period must be approved by regulation and will incur additional capital expenses, it is expected that it will be sold to obtain cash inflows and increase net profit.
