Listed in August 1981, China Merchants Holdings (Pacific) Limited (SGX: C22) ("CMH" in short) was originally a hotel operator under the name of Hotel Tai-Pan Pte Ltd. However, according to this quarter results, the company has announced the disposal of its property development business on 16 April 2014. The sale is a positive sign since the segment has not been performing well and with that, CMH can now focus on its profitable and growing toll road division.
Currently, the company owns and operates four toll roads totalling 367 kilometres. They are located in Zhejiang province , Guangxi Zhuang Autonomous Region and Guizhou province in the PRC. These roads form the main component of the national and provincial road networks.
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