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ROAD KING INFRA (01098.HK) has signed contracts worth 11.885 billion yuan in 2024.
On February 21, Gelonghui reported that ROAD KING INFRA (01098.HK) announced that as of December 31, 2024, the group had signed contracts amounting to 11.885 billion yuan. Together with the unconverted contract value of 0.577 billion yuan, the group's total property sales for the year amounted to 12.462 billion yuan, a decrease of approximately 55% compared to the data from December 31, 2023. As of December 31, 2024, toll revenue from highway projects was 2.44 billion Hong Kong dollars (of which 0.675 billion Hong Kong dollars was from domestic sources and 1.765 billion Hong Kong dollars was from Indonesia). Revenue saw a significant decline.
ROAD KING INFRA (01098) had a total property sales revenue of 12.462 billion yuan in 2024, a decrease of about 55% year-on-year.
ROAD KING INFRA (01098) announced that, in 2024, the group has signed contracts amounting to RMB 11.885 billion...
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ROAD KING INFRA (01098.HK): Qizhi exercises redemption rights.
On January 24, Glorious Exchange announced that ROAD KING INFRA (01098.HK) had notified the project company regarding the exercise of the redemption right on HKD 400,000,000 (i.e., 50%) of the principal amount of the sales loan. The investment agreement and the transactions intended and possibly to be conducted under it (including but not limited to transfer matters, ROAD KING INFRA assumption, loan redemption rights, and balancing transactions) were approved by the company's independent shareholders at the special meeting held on January 13, 2023. According to the information currently available, the redemption price is estimated to be approximately HKD 400,000,0.
