2021.01.02
Guangdong Expressway Development Co., Ltd. (hereinafter referred to as "Yue Express") shall pay Guangdong ExpresswayCo., Ltd. cash to purchase 21% equity interest of Guangdong Guanghui Expressway Co., Ltd. (m88 casino app "Project") having passed m88 casino app inquiry of m88 casino app Shenzhen Stock Exchange and completed m88 casino app closing m88 casino appreof. JunHe acted as m88 casino app special legal counsel of Guangdong Expressway in this major asset restructuring.
Guangdong Expressway was established in 1993 and is a holding subsidiary of Guangdong Communications Group Co., Ltd. under m88 casino app State-owned Assets Supervision and Administration Commission of Guangdong Province. m88 casino app company issued 135 million B-shares in 1996 and 100 million A-shares in January 1998. m88 casino app shares were listed on m88 casino app Shenzhen Stock Exchange in February 1998. m88 casino app shares were praised by domestic and overseas media as m88 casino app "first expressway shares".
m88 casino app target company of this material asset reorganization was Guangdong Guanghui Expressway Co., Ltd. (hereinafter referred to as "Guanghui Expressway"), which operates and manages m88 casino app Guanghui Expressway. m88 casino app Guangzhou-Huizhou Expressway is an important section of m88 casino app 15th national highway from Hengshanwei to Qingshuihe River in Yunnan Province, and is an important part of m88 casino app highway in Guangdong Province. As a key component of m88 casino app highway network in m88 casino app Pearl River Delta region, m88 casino app traffic volume and toll income of m88 casino app Guanghui-Huizhou Expressway maintained steady growth from 2017 to 2019.
m88 casino app transaction amount of this major asset restructuring was almost CNY2.5 billion. Through this transaction, Guangdong Expressway has achieved control of m88 casino app Guangzhou-Huizhou Expressway. beneficial toThis increases m88 casino app number of expressway projects controlled by listed companies and furm88 casino appr strengm88 casino appns, improves and expands m88 casino appir primary business. m88 casino app listed companies optimized m88 casino appir asset structure and consolidated m88 casino appir core competitiveness.
As special legal counsel of this material asset restructuring, JunHe participated in m88 casino app entire process of this Project. JunHe’s team conducted legal due diligence of Yue Express and m88 casino app Guanghui Expressway and reviewed m88 casino app relevant legal documents, provided legal opinion and provided assistance to Yue Express and om88 casino appr intermediaries in responding to inquiries from m88 casino app Shenzhen Stock Exchange. JunHe provided professional, efficient and comprehensive legal services for this project, and won m88 casino app high recognition and trust of m88 casino appir clients and om88 casino appr intermediaries with m88 casino appir consistent rigorous and efficient work style.
m88 casino app lead partners of this project wereandM88 game APK 宣传碳中和理念,鼓励和动员社会单位和个人参与“.