NWS Holdings acquires concession right for Hunan Changliu Expressway with a RMB4,571 million winning bid
NWS Holdings Limited today announced that its indirect wholly-owned subsidiary Guangdong Xin Chuan Co., Ltd. has won the bid for the concession right over Changliu Expressway in Hunan Province, the PRC through an online public auction with a total consideration of RMB4,571 million (equivalent to approximately HK$5,194 million). This project is expected to contribute immediate profit and cash flow to the Group after completion.
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