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China Merchants Holdings (Pacific) To Acquire 3 Expressways In China

Shares Investment

China Merchants Holdings’ (Pacific) wholly-owned subsidiaries have entered into several agreements in relation to acquire three expressways located in Guangxi Zhuang Autonomous Region in China for Rmb3 billion.

The expressways are the 53.4 km long Guilin-Xing’an Expressway, a 67 km long Guilin-Yangshuo Expressway and a 39.5 km long Yangshuo-Pingle Expressway.

The total consideration will be funded using external financing such as bank borrowings and the issuance of new securities.



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