Article: HAINAN EXPRESSWAY SELLS SANYA LIUDAOWAN FISHING PORT PROJECT


AsiaInfo Services
08-27-2007
Hainan Expressway Sells Sanya Liudaowan Fishing Port Project

HAINAN, Aug 27, 2007 (SinoCast via COMTEX) -- Hainan Expressway Co., Ltd. (SZSE: 000886), an expressway operator located in Haikou, capital of Hainan Province, plans to sell a 98% stake in Sanya Liudaowan Development Co. Ltd. for CNY 118.4636 million to Hainan LongHigh Industrial Group.

Hainan Expressway and its wholly owned subsidiary Sanya Jintai Industry Development Co., Ltd. have signed the equity transaction agreement on July 31, 2007.

Hainan Expressway said it received CNY 73 million on August 7, 2007 from LongHigh Group and would contribute CNY 46.544 million to the ...

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