Hainan Expressway Co LtdAcquiring Jiaokong Technology for 36.1M yuan to boost competitiveness and profit sources.

Hainan Expressway's wholly-owned subsidiary, Hainan Province Public Information Network Company, plans to acquire a 100% stake in Hainan Jiaokong Technology Company for 36.1 million yuan. After the transaction, the public network company will hold all equity in Jiaokong Technology and consolidate it into its financial statements. Since the transferor, Smart Transportation Industry, is a wholly-owned subsidiary of the company's controlling shareholder, Hainan Transportation Group, this transaction constitutes a related-party transaction. The appraisal report shows that the total equity value of Jiaokong Technology is appraised at 46.25 million yuan, with an appraisal gain of 11.45 million yuan and an appreciation rate of 32.90%. The transaction funds will come from the company's own capital and bank loans. The company stated that this acquisition will help enhance its competitiveness in the digital economy and smart transportation sectors and expand its sources of profit.
Hainan Expressway Co LtdAcquiring Jiaokong Technology for 36.1M yuan to boost competitiveness and profit sources.
Target company being acquired, but no independent impact as it is not publicly listed.
Acquiring subsidiary, but no independent impact as it is not publicly listed.