Highways & Rail Tracks

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Jiangsu Expressway issues 2015 9th tranche short-term financing notes

Monday, 31 Aug 2015 08:00pm EDT

Jiangsu Expressway Co Ltd:Issued 9th tranche of short-term financing notes for 2015 worth 1 bln yuan, with a term of 270 days and interest rate of 3.29 pct.Issue price at 100 yuan per face value of 100 yuan and maturity date May 17, 2016.CITIC BANK served as main underwriter.

Jiangsu Expressway issues 2015 first tranche medium term notes

Monday, 31 Aug 2015 08:00pm EDT

Jiangsu Expressway Co Ltd:Issued 2015 first tranche medium term notes worth up to 2 bln yuan with a term of 5 years.Maturity date Aug. 25, 2020 and interest rate of 4.30 pct.

Zhejiang Expressway Co Ltd enters maintenance agreement

Monday, 31 Aug 2015 09:35am EDT

Zhejiang Expressway Co Ltd:Says company as vendor and Resources Co as purchaser entered into the Maintenance Co Agreement, pursuant to which the Company agreed to sell 100% of the equity interest held by the Company in Maintenance Co to Resources Co at the consideration of 38,342,600 yuan.Maintenance Co will no longer be a subsidiary of the Company upon completion of the Disposal.Company intends not to engage in high-grade road maintenance business.

Guangdong Provincial Expressway Development adjusts equity acquisition and fund raising plan

Thursday, 27 Aug 2015 08:00pm EDT

Guangdong Provincial Expressway Development Co Ltd:To issue 665,047,248 A shares at 5.09 yuan per share and pay 987.9037 million yuan, in exchange for 25 pct stake in Guangdong-based highway company , 100 pct stake in a Guangdong-based transportation investment management company.Transaction price is 4,372.9942 million yuan in total.To issue shares to raise up to 1,650 million yuan, for cash payment of the transaction and working capital.Tibet-based investment company to hold 8.75 pct stake in the company, up from 0 pct.Controlling shareholder and its persons acting in concert to hold 54.01 pct stake directly and indirectly in the company, up from 43.61 pct.

TPI Triunfo Participacoes e Investimentos SA announces sale of stakes to China Three Gorges Brasil Energia

Tuesday, 25 Aug 2015 07:43am EDT

TPI Triunfo Participacoes e Investimentos SA:Says that it has signed a contract with China Three Gorges Brasil Energia Ltda to sell them the company's stake in Rio Verde Energia SA, Rio Canoas Energia SA and TNE - Triunfo Negocios de Energia.The payment will be divided in 3 parts: payment of 970 million Brazilian reais; debt assumption of both short and long term debt from 3 subsidiaries, totalling 770.4 million reais at end of Dec., 2014; and potential payment of 148.5 million reais, depending of the fulfillment of certain requirements.

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

Sunday, 23 Aug 2015 08:00pm EDT

PT Citra Marga Nusaphala Persada Tbk:Says it has appointed Muhammad Ali Reza as the new President Commissioner, replacing Amir Gunawan, effective Aug. 19.Says it has appointed Reza Herman Surjaningrat as the new President Director, replacing Danty Indriastuty Purnamasari, effective Aug. 19.

Fujian Expressway Development to set up joint venture

Thursday, 20 Aug 2015 08:00pm EDT

Fujian Expressway Development Co Ltd:The company received approval to set up a joint venture with seven companies.The joint venture will be engaged in property insurance business, with a registration capital of 1,500 mln yuan.The company will hold an 18 pct stake in the joint venture.

Redde PLC announces acquisition of the FMG group of companies

Thursday, 20 Aug 2015 02:01am EDT

Redde PLC:Acquires the FMG group of companies, comprising FMG Group Holdings Limited and its subsidiary companies and partnership interests, for about 43.2 million pounds in aggregate.

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