Guangzhou Chensong Investment Partnership (Limited Partnership) completed the acquisition of 8.74% stake in Heilongjiang Transport Development Co., Ltd. from Heilongjiang Yuanlong Jingyun Investment Management Partnership Enterprise (Limited Partnership).
August 04, 2020
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Guangzhou Chensong Investment Partnership (Limited Partnership) signed a share transfer agreement to acquire 8.74% stake in Heilongjiang Transport Development Co., Ltd. (SHSE:601188) from Heilongjiang Yuanlong Jingyun Investment Management Partnership Enterprise (Limited Partnership) for approximately CNY 320 million on July 24, 2020. Guangzhou Chensong Investment Partnership (Limited Partnership) will acquire 115 million for CNY 2.8 per share. Within 3 working days from the date of signing the equity transfer agreement, Guangzhou Chensong shall pay 30% of the total equity transfer price to Yuanlong Jingyun, and the remaining transfer amount shall be paid within 10 working days after the completion of the stock registration and transfer. After transfer, Guangzhou Chensong Investment Partnership (Limited Partnership) will own a 8.74% stake and Heilongjiang Yuanlong Jingyun Investment Management Partnership (Limited Partnership) will retain a 9.95% stake.
Guangzhou Chensong Investment Partnership (Limited Partnership) completed the acquisition of 8.74% stake in Heilongjiang Transport Development Co., Ltd. (SHSE:601188) from Heilongjiang Yuanlong Jingyun Investment Management Partnership Enterprise (Limited Partnership) on August 5, 2020.
HEILONGJIANG TRANSPORT DEVELOPMENT CO., LTD is a China-based company principally engaged in the management of highway tolls. The Companyâs main businesses include the investment, development, construction, operation and management of toll roads, the provision of road maintenance services, the landscaping business, the sale of machinery and parts, mechanical and electrical products, as well as construction materials, the design, production, agency and delivery of various advertisings, as well as the import and export of cargoes and technology and others. Through its subsidiaries, the Company is also engaged in the manufacture and sales of new chemical pipes, the development of real estate properties, as well as the operation of taxi.
Guangzhou Chensong Investment Partnership (Limited Partnership) completed the acquisition of 8.74% stake in Heilongjiang Transport Development Co., Ltd. from Heilongjiang Yuanlong Jingyun Investment Management Partnership Enterprise (Limited Partnership).
HEILONGJIANG TRANSPORT DEVELOPMENT CO., LTD. 
