Highways & Rail Tracks

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Shanghai Bestway Marine Engineering Design Co Ltd to set up joint venture with Zhejiang Expressway and Wonders Information

Tuesday, 16 Dec 2014 10:57pm EST

Shanghai Bestway Marine Engineering Design Co Ltd:To set up a joint venture with seven companies, including Shanghai Rural Commercial Bank, Wonders Information and Zhejiang Expressway.The joint venture will be engaged in financial leasing business, with a registration capital of 1,000 million yuan.To hold 6 pct stake in joint venture.Shanghai Rural Commercial Bank to hold 30 pct stake in joint venture.Wonders Information to hold 20 pct stake in joint venture.Zhejiang Expressway to hold 9 pct stake in joint venture.

Hubei Chutian Expressway Co Ltd completes dissolution of subsidiary

Tuesday, 16 Dec 2014 07:00pm EST

Hubei Chutian Expressway Co Ltd:Completed the dissolution of a wholly owned subsidiary, which is a Hubei-based expressway company.

Jiangsu Expressway Co Ltd issues 2014 first tranche short-term financing notes

Tuesday, 16 Dec 2014 07:00pm EST

Jiangsu Expressway Co Ltd:Issued the first tranche of short-term financing notes for 2014 worth 1,000 million yuan.Notes are each with an issue value of 100 yuan, a term of 270 days and an interest rate of 5.05 pct, as well as maturity date of Sep. 8, 2015.China Construction Bank served as the main underwriter.

Redde Plc comments on H1 2015 trading profits outlook

Tuesday, 16 Dec 2014 02:00am EST

Redde Plc:Expects H1 2015 trading profits to be materially ahead of earlier expectations and significantly ahead of the corresponding period last year.

All America Latina Logistica SA and TPI Triunfo Participacoes e Investimentos SA end contract of association

Thursday, 11 Dec 2014 05:37am EST

All America Latina Logistica SA:All America Latina Logistica and TPI Triunfo Participacoes e Investimentos informed on the decision to end the contract of association carried out through creation of Vetria Mineracao SA.Decision made due to certain conditions of the agreement were not met within the time limit, as well as considering current market conditions.Contracts signed by Vetria (through its subsidiary Vector Mining SA) and MMX Corumba Mining SA and Shares Purchase Option signed between Vetria and MMX Metalicos SA Mining and were fully transferred to the Steel Vector Ltda.

Sichuan Expressway Co Ltd proposes to issue corporate bonds

Wednesday, 10 Dec 2014 03:57am EST

Sichuan Expressway Co Ltd:Proposes to issue the Corporate Bonds in accordance with requirements of the company Law of the PRC, the Securities Law of the PRC, Measures on Pilot Practice for Issuance of Corporate Bonds and other relevant laws and regulations.Not exceeding 1.5 bln yuan (including the amount of 1.5 bln yuan), the specific size of the issue will be determined by the board, no more than 5 years.

Fujian Expressway Development to issue corporate bonds

Monday, 8 Dec 2014 07:00pm EST

Fujian Expressway Development Co Ltd:To issue corporate bonds worth of 2,000 mln yuan.The bonds are each with a term of 5 years.The proceeds will be used for bank loan repayment, adjustment of debt structure and supplement of working capital.

Henan Zhongyuan Expressway Co Ltd issues non-public directional debt financing instruments

Thursday, 4 Dec 2014 07:00pm EST

Henan Zhongyuan Expressway Co Ltd:Issued non-public directional debt financing instruments, worth 1,000 million yuan.Non-public directional debt financing instruments are a term of five years and an interest rate of 6.0 pct.Bank of China Limited served as the main underwriter.

Pointer Telocation announces plan to spin-off shagrir business

Monday, 1 Dec 2014 08:35am EST

Pointer Telocation Ltd:Approves a plan to spin off certain assets and liabilities of its wholly owned subsidiary, Shagrir Systems Ltd into a new entity.Shagrir's current Road Side Assistance (RSA) and other related services shall be purchased by NewCo.Following the spin-off, Shagrir, with its remaining business consisting of Mobile Resource Management (MRM), will be merged into Pointer.Merger is expected to become effective as of Dec. 31.Pointer shares will continue to trade on the Nasdaq under the symbol 'PNTR' after the Distribution is completed.


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