Guangdong Yueyun Transportation to Sell Transport Firm for 25 Million Yuan

MT Newswires Live

2025/01/23

Guangdong Yueyun Transportation (HKG:3399) agreed to sell 100% equity interest in Zhuhai Gongyun to Kee Kwan for nearly 25.1 million yuan, a Wednesday bourse filing said.

Zhuhai Gongyun engages mainly in road passenger transportation and station operations.

The transportation company will use proceeds from the disposal to supplement its working capital.

Kee Kwan is a unit of GCGC, which is the controlling shareholder of Guangdong Yueyun Transportation.

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