Hubei Chutian Smart Communication Co.,Ltd. agreed to acquire Henan Yunan Expressway Investment Co., Ltd from Henan Lantian Group Co., Ltd for approximately CNY 590 million.
October 28, 2021
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Hubei Chutian Smart Communication Co.,Ltd. (SHSE:600035) agreed to acquire Henan Yunan Expressway Investment Co., Ltd from Henan Lantian Group Co., Ltd for approximately CNY 590 million on October 28, 2021. The consideration shall be payable in four installments as agreed between the parties. 80% of consideration shall payable before completion while remaining 20% payable post completion. As of June 30, 2021, Henan Yunan Expressway Investment Co., Ltd has reported total assets of CNY 2.13 billion and net assets of CNY 524.621 million. The Board of Directors of Hubei Chutian Smart Communication Co.,Ltd. has approved the transaction.
Hubei Chutian Smart Communication Co Ltd is a China-based company mainly engaged in road and bridge operations and intelligent technology. The Company operates its businesses through two segments. The Road and Bridge Operations segment is mainly engaged in the investment, construction and operation management of toll roads. The Intelligent Technology segment is mainly engaged in the operation of intelligent manufacturing and intelligent transportation businesses. Intelligent manufacturing is mainly engaged in the research and development of intelligent terminal products and software, hardware manufacturing and product sales. The intelligent transportation business mainly provides services such as overall research and development, manufacturing, integration, operation and maintenance of transportation-related software and hardware products. The Company mainly operates its businesses in the domestic market.
Hubei Chutian Smart Communication Co.,Ltd. agreed to acquire Henan Yunan Expressway Investment Co., Ltd from Henan Lantian Group Co., Ltd for approximately CNY 590 million.
HUBEI CHUTIAN SMART COMMUNICATION CO.,LTD. 
