• Fri
  • Nov 21, 2014
  • Updated: 5:23am

Gzi Transport

GZI Transport to invest in Wuzhou Port deal

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.

Thursday, 17 February, 2011, 12:00am

GZI selling newsprint business

Guangzhou Investment (GZI), the listed arm of the Guangzhou city government, will sell its newsprint unit to focus on its property and toll-road businesses to better reflect the company's underlying value.

28 Apr 2008 - 12:00am

Guangzhou Investment looks beyond PRD to boost returns

Guangzhou Investment, the listed arm of the city government, plans to expand outside the Pearl River Delta region to seek higher returns.

'As a Hong Kong-listed firm, we think we should not limit our business to Guangzhou only, we should look a step forward,' chairman Qu Bingchang said yesterday.

18 Apr 2008 - 12:00am

Results

Today Interim: Far East Pharmaceutical Technology

8 Apr 2008 - 12:00am

GZI director on trial for bribery

An executive director of Guangzhou Investment (GZI), the Hong Kong-listed arm of the Guangzhou municipal government, has appeared in court on charges of accepting bribes of more than one million yuan, Caijing magazine reports.

11 Oct 2007 - 12:00am

Shares in GZI Transport slide on news of rights offer

Proceeds to fund acquisition of expressway, bridge projects

Shares of toll-road operator GZI Transport slumped as much as 7.7 per cent yesterday after it said it planned to raise HK$2.19 billion in a rights issue for potential acquisitions of expressway and bridge projects in Guangdong province.

30 Jun 2007 - 12:00am

WHAT THE BROKER SAID

About a year ago ICEA Securities Asia said Guangzhou toll-road operator GZI Transport was set to profit from the Pan-Pearl River Delta co-operation agreement linking the nine southern provinces of China with Hong Kong and Macau.

19 Jun 2005 - 12:00am

WHAT THE BROKER SAYS

Guangzhou toll-road operator GZI Transport is set to profit from the Pan-Pearl River Delta co-operation agreement linking the nine southern provinces of China and special administrative regions of Hong Kong and Macau, says ICEA Securities Asia.

20 Jun 2004 - 12:00am

Toll-road firm confident of growth

GZI Transport chairman says it will be spared impact of curbs on car financing

Guangzhou toll-road operator GZI Transport is optimistic about its traffic growth this year despite the government's policy to cool financing on car purchases, according to chairman Ou Bingchang.

15 Apr 2004 - 12:00am

GZI PROFIT TUMBLES 29PC ON ASSET DISPOSALS

GZI Transport reported a 29.14 per cent drop in profits to HK$156.09 million as the toll-road operator paid out a more generous dividend of six HK cents per share, compared with 5.5 HK cents last year. The decline was due to the disposal of Xinfeng and Dongyang highways in 2001. It incurred a first-year loss on Guangzhou Second Ring Expressway.

11 Apr 2003 - 12:00am

GZI revises earnings

GZI Transport, the transportation arm of Guangzhou Investment, saw last year's net profit rise 75.8 per cent to HK$220.3 million, due to changes in accounting treatment on provisions. The toll-road operator restated the previous year's net profit to HK$125.27 million, down from a previously reported HK$282.5 million.

17 Apr 2002 - 12:00am

GZI secures shareholder nod for stake in expressway

Minority shareholders of red chip GZI Transport have approved the planned acquisition of 49 per cent in Xian Expressway at an extraordinary general meeting yesterday.

GZI Transport would pay its parent and the expressway's majority shareholder, Yue Xiu Enterprise (Holdings), HK$173 million in the transaction, a company announcement said.

9 Jan 2001 - 12:00am

GZI buys out parent

GZI Transport had entered into a conditional agreement to buy out a 49 per cent stake in Xian Expressway from majority shareholder and parent Yue Xiu Enterprise (Holdings) for HK$173 million - a 12 per cent discount to its value.

8 Dec 2000 - 12:00am

GZI looks to ring road plan after 15pc gain

Toll road operator GZI Transport has revealed plans to invest in the construction of Guangzhou Eastern Second Ring Road after posting a 15.3 per cent year-on-year gain in net profit for the first half to HK$145.74 million.

27 Sep 2000 - 12:00am

GZI attracted to fibre-optics

GZI Transport says the company is negotiating to acquire an interest in a broadband fibre-optic network business in the mainland. No terms have been agreed, the company said. The share soared 18 cents to close at $1.27 yesterday.

14 Mar 2000 - 12:00am

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