Henan Zhongyuan Expressway Co Ltd (SSE:600020) Subsidiary Forms Joint Venture; Subsidiary Wins Bid for Land

Henan Zhongyuan Expressway Co Ltd (SSE:600020) announced that its wholly owned subsidiary, a Beijing-based investment company, has established a joint venture, a Henan-based investment guarantee company. The registered capital of the Henan-based investment guarantee company is RMB 100 million, in which the subsidiary holds a 88.5% stake. The Company also announced that its another subsidiary, a Henan-based land property company, has won bid for a piece of land with area of 87,776.18 square meters located in Zhengzhou at a price of RMB 400.53 million.