• Tue
  • Sep 16, 2014
  • Updated: 3:43pm

GZI Transport to invest in Wuzhou Port deal

PUBLISHED : Thursday, 17 February, 2011, 12:00am
UPDATED : Thursday, 17 February, 2011, 12:00am

GZI Transport has entered into an agreement on a joint venture with Xin Yue (Guangzhou) Investment and Wuzhou City Transport Investment Development, through which GZI will own 51 per cent of Wuzhou Port. GZI will contribute 87.2 million yuan (HK$102.95 million) to the venture's registered capital, which will be 171 million yuan. The total investment in Wuzhou Port amounts to 513 million yuan but details of the investment have not been finalised. GZI will be renamed Yuexiu Transport Infrastructure to reflect its diversification from toll roads to infrastructure in general.

Share

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

 
 
 
 
 

Login

SCMP.com Account

or