China Merchants Holdings (Pacific) said it was acquiring Jiurui Expressway in Jiangxi Province, China, for a purchase price of up to RMB925 million ($179.5 million).
The toll road operator has signed a conditional agreement to buy the entire Hong Kong Honest Queen International Investment, in the holding company of Honest Queen International (Jiangxi) Jiurui Expressway Development Co., which owns the rights to operate the expressway.
Thursday, December 13, 2012
China Merchants buys Jiurui Expressway for $180m
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