Yuexiu Transport acquires 85% stake in Shandong expressway for RMB1.15 bn

Yuexiu Transport Infrastructure Limited is set to acquire an 85% equity interest in Shandong Qinbin Expressway Construction Co., which operates an expressway in Shandong Province, PRC. The total consideration for the acquisition is RMB1,153.50 million, payable in cash, and will be financed through internal resources. This price represents a discount of approximately 3.86% to the appraised market value of RMB1,199.79 million, as per the valuation report.

The acquisition is expected to extend the Group's weighted average remaining concession period by approximately 0.8 years. Shandong Qinbin Expressway Construction Co. generated RMB752.5 million in revenue for the year ended December 31, 2024, and RMB545.76 million for the eight months ended August 31, 2025. Post-completion, the company will become an indirect non-wholly owned subsidiary, consolidating its financial results into the Group's statements, and is expected to bring enhanced profits and strengthen the Group's revenue and profit base.