Freetech (06888.HK) plans to sell 55% equity in tianjin's expressway maintenance for 71.1 million.

On November 22, Gelonghui announced that freetech (06888.HK) has entered into a share purchase agreement with the buyer, whereby the buyer conditionally agrees to acquire and the seller conditionally agrees to sell 55% of the issued shares of the target company, Tianjin Expressway Maintenance Co., Ltd., for a price of 71.1 million RMB. Upon completion, the target company will no longer be a subsidiary of the company. The main business of the target company is to provide maintenance and repair services for highways and highway facilities, road projects, highway greening projects, and construction projects.

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