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Sichuan Expressway Nixes 85% Stake Acquisition in Hubei Jingyi Expressway
Express News | Sichuan Expressway Co Ltd - Termination Agreement of Acquisition Agreement Dated 14 August 2024
Sichuan Expressway (601107.SH): Termination of the issuance of shares and payment of Cash / Money Market for the purchase of Assets.
Gloryel Report, February 13 - SICHUAN EXPRESS (601107.SH) announced that on August 8, 2024, it will hold the third meeting of the special meeting of independent directors of the eighth Board of Directors, and on August 14, 2024, the nineteenth meeting of the eighth Board of Directors and the sixteenth meeting of the eighth Supervisory Board will review and approve the proposals regarding the "<SICHUAN EXPRESS Co., Ltd. issuing shares and paying cash to acquire assets and related trade plan>" and its summary. The company plans to purchase 85% equity of Jingyi Company held by Shudao Venture Capital through the issuance of shares and cash payment. Since the company is planning and first...
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