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Hainan Expressway (SZSE:000886) Sheds 26% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Hainan Expressway's Subsidiary Changes Name
Hainan Expressway (000886.SZ): plans to acquire 2.54% equity of Hainan United for 92.6722 million yuan.
On December 13, Ge Long Hui reported that Hainan Expressway (000886.SZ) announced that Hainan United is a joint venture of the company, with a registered capital of 1,971.14305824 million yuan, of which the company Holds 24.35135% of the equity, and Hainan Fishery holds 7.86604% of the equity. The company's Board of Directors approved the signing of the Equity Transfer Agreement with Hainan Fishery to acquire the 2.54% equity held by Hainan Fishery in Hainan United at a transaction price of 92,672,227.60 yuan. After the completion of this trade, the company's equity stake in Hainan United will increase to 26.89135%.
Hainan Expressway (000886.SZ): Has not yet carried out substantial business in the low-altitude economy sector.
Gelonghui, November 26th丨Hainan Expressway (000886.SZ) stated on the investor interaction platform that the company has not yet launched substantive business in the low-altitude economy sector.
Hainan Expressway to Take Over Management of Hainan Roads
Hainan Expressway (000886.SZ): Undertaking the maintenance and management of some national and provincial trunk roads in Hainan Province.
GeLongHui November 11th, Hainan Expressway (000886.SZ) announced that the company recently signed the "Hainan Province Ordinary National and Provincial Trunk Road Maintenance Marketization Transfer Management Agreement" with Hainan Provincial Highway Administration (hereinafter referred to as the "Provincial Highway Administration"). The company will undertake the daily maintenance management of the provincial government roads in eight cities and counties including Haikou, Wenchang, Qionghai, Wanning, Chengmai, Lingshui, Ding'an, and Tunchang. This agreement is a framework agreement, and the company will sign specific annual contracts with the Provincial Highway Administration after the annual budget approval from the superior department.
