Yuexiu Transport Plans to Sell 60% Stake in Subsidiary

Yuexiu Transport Infrastructure (HK:1052) has released an update.

Yuexiu Transport Infrastructure has announced its intention to sell a 60% stake in a subsidiary responsible for the Jinxiong Expressway through a public tender, as the shares are classified as state-owned assets in China. The process will follow PRC regulations, with details of the minimum consideration for the sale to be disclosed later. Investors are cautioned that the deal is not yet finalized and to be prudent when trading the company’s securities.

For further insights into HK:1052 stock, check out TipRanks’ Stock Analysis page.