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Sichuan Express and CMB Fund have entered into a strategic investment agreement.
Sichuan Expressway (00107) announced that on August 19, 2024, its wholly-owned subsidiary Shudao Chengyu Investment entered into a strategic investment agreement with China Merchants Fund. Accordingly, Shudao Chengyu Investment agreed to subscribe for a portion of the infrastructure fund to be established and managed by China Merchants Fund at an amount not exceeding 0.2 billion yuan. The announcement stated that the strategic investment agreement was made on the premise of not affecting the group's operating funds or major business operations, and will further improve the company's capital utilization efficiency and investment return level.
Sichuan Expressway Announces Strategic Investment
Express News | Sichuan Expressway - Subscribe China Merchants Fund China Merchants Expressway Closed-End Infrastructure Securities Investment Fund for RMB200 Mln
Express News | Sichuan Expressway- Unit to Subscribe for Part of Units of Infrastructure Fund to Be Raised and Established by Cm Fund
Sichuan Expressway (00107) entered into a strategic investment agreement with China Merchants Fund.
Sichuan Express (00107) has released an announcement stating that on August 19, 2024, its wholly-owned subsidiary, Shu...
Sichuan Expressway (601107.SH): Shudao Chengyu Investment plans to participate in China Merchants Expressway Network Technology Holdings’ REIT project with an amount not exceeding 0.2 billion.
Sichuan Expressway (601107.SH) announced that China Merchants Expressway Network Technology Holdings plans to sell a REIT project with a total length of 101.3 kilometers of Bozhou-Fuzhou Expressway as underlying assets, with an expected fundraising amount of RMB 3.498 billion. The company's wholly-owned subsidiary, Shudao Chengyu Investment, plans to participate in the project with an expected investment amount of no more than RMB 0.2 billion and intends to participate in the strategic allocation of infrastructure funds according to relevant regulations. As of the announcement date, Shudao Chengyu Investment has signed an agreement with China Merchants Fund Management Co., Ltd. regarding the China Merchants Expressway Closed-end Infrastructure Securities Fund.
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