In April, CMG spent 408 million RMB to cooperate with Zhangzhou Highway Transportation Industry Corporation and Hong Kong Zhanglong Industrial Co., Ltd. in the Xiamen-Zhangzhou Expressway Project, the capital accounted for 40% of the shares, marking the CMG’s official entry into the toll road investment business.
After China Merchants International acquiring five domestic toll roads, CMG began to expand its toll road business. Huajian Center was entrusted to manage national shares of 10 toll road listed companies which was invested by the Central Goverment, such as Huabei Expressway and Anhui Expressway.
Approved by the former China Economic and Trade Commission and the Ministry of Finance, Huajian Center was integrated into CMG, making it became a wholly-owned subsidiary.
On December 30, China Merchants Asia Pacific , a company listed on SGX Mainboard, after acquiring five toll roads of China Merchants Holdings International Co., Ltd., became the largest toll road investment & operation company listed on the Singapore Stock Exchange.
Chongqing Communications Technology Research and Design Institute was renamed as “China Merchants Chongqing Communications Technology Research and Design Institute Co., Ltd.” ("CMCT”), transferring itself from a public institution to a modern enterprise.
On June 20, Huajian Center completed the corporate restructuring and was officially renamed as “China Merchants Huajian Expressway Investment Co., Ltd.” with the approval of the State Administration for Industry and Commerce.
Approval by China Administration for Industry and Commerce, with its overall restructuring, China Merchants Huajian Expressway Investment Co., Ltd. was renamed as China Merchants Expressway Network & Technology Co., Ltd., a joint stock company (unlisted).