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CTF SERVICES Sells Changsha-Liuyang Expressway for RMB1.61B
CTF SERVICES (00659.HK) announced that it has agreed to sell 100% equity interest in Hunan CTFS Expressway to the Shanghai Municipal State-owned Assets Supervision and Administrati...
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CTF SERVICES Sells Changsha-Liuyang Expressway for RMB1.61B
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CTF SERVICES (00659.HK)  -0.070 (-0.824%)    Short selling $446.79K; Ratio 3.847%   announced that it has agreed to sell 100% equity interest in Hunan CTFS Expressway to the Shanghai Municipal State-owned Assets Supervision and Administration Commission (Shanghai SASAC) for a total consideration of approximately RMB1.61 billion. Hunan CTFS Expressway has also agreed to repay shareholder loans within 30 business days after the completion date.

Hunan CTFS Expressway has been operating the Changsha-Liuyang Expressway project, which is connecting Changsha and Liuyang.

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The net proceeds from the Transaction are expected to be used for redeployment into investments that align with the Group’s strategic priorities and that offer long-term growth potential with more attractive risk-adjusted returns; and other general corporate purposes of the Group.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-18 16:25.)

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