A bird’s eye view in the evening of Yangshuo county, one of the places linked by Guiyang expressway. Photograph by Qin Zhangge
Outstanding No of Shares: 1163 mil
Current Share price: SG$ 1.05
Current Dividend per share: SG$0.07 (6.6% dividend yield)
Outstanding value of unconverted Convertible Bonds at SG$0.77: HK $499 mil
China Merchant Pacific Holdings (CMHP), an SGX listed toll road company, announced this week of the proposed acquisition of 3 toll roads, which will substantially enlarge the asset based of the company.
Currently, CMHP’s assets consist of 3 toll roads spread out around China. It does not come as a surprise to shareholders following the company over the years that they will make acquisitions.
What is usually intriguing is how they did it, and how it will turn out.
The announcements:
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