China Everbright International announced on 27 May its disposal of the Fuzhou Qingzhou Bridge to generate cash for developing its environmental protection business.
Everbright agreed to dispose of its 80% interest in Greenway Venture and its shareholder’s loan due from Greenway for about RMB384.8 million (US$60.4 million) and HK$188.6 million (US$24.3 million) respectively to TransGlobal (Asia).
Everbright is listed on the Hong Kong Stock Exchange, and the deal is subject to announcement requirements under the exchange’s listing rules.
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