[ET Net News Agency, 15 October 2021] Anhui Expressway Company Limited (00995) said it
has conditionally agreed to acquire the target equity and the shareholder's loan.
The amount of consideration for the acquisition of the target equity is
RMB2,210,000,000. The consideration for the acquisition of the shareholder's loan is an
amount representing the sum of (A) the outstanding amount of the shareholder's loan as at
31 July 2021 (RMB1,971,244,442.59); and (B) the interest on such outstanding amount up to
the actual date of repayment as determined by the applicable interest rate ranging from
3.85% per annum to 5.19% per annum, being the interest rate at the time of the target's
drawdown of the relevant portion of the shareholder's loan from Anhui Transportation
Holding Group.
The target equity is 100% of the equity interest in Anhui Anqing Yangtze River
Expressway Bridge Limited Liability Company. The target is principally engaged in the
investment, operation and management of toll road expressway and bridge in Anhui Province
in the PRC. The target currently owns the concession rights of (a) The Anqing Bridge and
(b) The Anhui Section of the Yuewu Expressway. (RC)