Chinese Group Submits Notice to Terminate 3rd Bridge Agreement

Jinn group made a statement to terminate the bridge agreement
Jinn group made a statement to terminate the bridge agreement

“Zhejiang Expressway Co.” within the Chinese consortium. It turned out that the company wanted to terminate the share purchase agreement in Yavuz Sultan Selim Bridge.

Zhejiang Expressway Co.,Ltd. According to the statement made by the company to the Hong Kong Stock Exchange, the consortium wants to terminate the agreement because the terms of the agreement are not met.

According to the statement made by Zhejiang Expressway, which is part of the Chinese consortium, no payment has been made under this agreement so far.

Previously, it was reported that the talks on the sale of shares stopped due to disagreements over the structure of the agreement.

China Merchants Expressway Network & Technology Holdings, a subsidiary of China Merchants Group, has been in talks since 51 with five different investors to buy 689 percent of the bridge for approximately $2019 million.

Armin

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