Highways & Rail Tracks

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Zhejiang Expressway Co Ltd says enters into share purchase agreement with Zhejiang communications investment

Monday, 12 Oct 2015 09:01am EDT

Zhejiang Expressway Co Ltd:Says the Company as vendor and Zhejiang Communications Investment as purchaser entered into the Share Purchase Agreement.Pursuant to which the Company conditionally agreed to sell and Zhejiang Communications Investment conditionally agreed to purchase 50% of the equity interest held by the Company in Petroleum Co at a cash consideration of 135,676,000 yuan.Company plans to enter into discussions with Petroleum Co as to whether or not (and if so, on what terms) the Petrol Supply Services and/or the Management Services will continue after Completion.Based on the Hong Kong Financial Reporting Standards, it is expected that the Group will make a gain of approximately 916,000 yuan from the Disposal.Group intends to apply the sale proceeds as its general working capital.

Storagevault Canada Inc completes second and final tranche of asset acquisition

Friday, 9 Oct 2015 08:53am EDT

Storagevault Canada Inc:Completes closing of acquisition of the second tranche of certain of the self-storage assets and business of Access Self Storage Inc.Says pursuant to Second Tranche closing, StorageVault acquired three self-storage stores with an aggregate of about 1,657 rental units with about 186,000 square feet of rentable self-storage space.Says with completion of second tranche closing, StorageVault operates 17 self-storage stores and over 3,200 portable units covering the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia.Says purchase price for the second tranche was $27,155,000.For second tranche, the sum of $12,314,901 was paid by the issuance of 32,407,635 common shares of StorageVault pursuant to the terms of the purchase agreement, which Common Shares are subject to a hold period that expires on Feb. 8, 2016.Balance of the purchase price for the Second Tranche was paid by the assumption of a mortgage in the amount of $4,730,964 and in cash by drawing on StorageVault's credit (disclosed below).

R&I affirms PARK24 Co Ltd's rating at "A-" and announces stable outlook

Wednesday, 7 Oct 2015 02:00am EDT

PARK24 Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-".Rating outlook stable.

PT Citra Marga Nusaphala Persada Tbk appoints new president commissioner and president director

Monday, 5 Oct 2015 08:00pm EDT

PT Citra Marga Nusaphala Persada Tbk:Says Danty Indriastuty Purnamasari has been appointed as the new President Commissioner, replacing Muhammad Ali Reza, effective Oct. 2.Says Shadik Wahono has been appointed as the new President Director effective Oct. 2.

ASTM SpA CEO Alberto Sacchi resigns, board appoints Alberto Rubegni new CEO

Monday, 28 Sep 2015 12:05pm EDT

ASTM SpA:CEO Alberto Sacchi resigns.Board of directors appoints Alberto Rubegni the new CEO.

Mep Infrastructure Development Ltd announces appointment of statutory auditors

Wednesday, 23 Sep 2015 06:21am EDT

Mep Infrastructure Development Ltd:Announces B S R & Co. LLP, chartered accountants as Statutory auditors.Announces Gokhale & Sathe, chartered accountants as statutory auditors.

Paraca raises year-end dividend forecast for FY 2015

Wednesday, 16 Sep 2015 10:30pm EDT

Paraca Inc:Sees year-end dividend of 29 yen per share raised from 26 yen per share, for the fiscal year ending Sep. 2015.

Jiangsu Expressway issues 2015 10th tranche short-term financing notes

Friday, 11 Sep 2015 08:00pm EDT

Jiangsu Expressway Co Ltd:Issued 10th tranche of short-term financing notes for 2015 worth 1 bln yuan, with a term of 261 days and interest rate of 3.29 pct.Issue price at 100 yuan per face value of 100 yuan and maturity date May 27, 2016.

PT Citra Marga Nusaphala Persada Tbk's president director leaves post temporarily

Monday, 7 Sep 2015 08:00pm EDT

PT Citra Marga Nusaphala Persada Tbk:Says Reza Herman Surjaningrat temporarily ceased to be the President Director effective Sept. 7 until the execution of Extraordinary General Meeting of Shareholders.


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