The Relationship between Guangxi New Development Group and Guangxi New Hengtong

The relationship between Guangxi New Development Group and Guangxi New Hengtong is that Guangxi New Hengtong is a subsidiary invested by Guangxi New Development Transportation Group Co., Ltd. Guangxi New Hengtong expressway Co., Ltd. Guangxi New Hengtong expressway Co., Ltd. was established on May 4, 2005, and its business scope includes transportation infrastructure investment and operation, expressway operation, etc. Its headquarters is located in Nanning, Guangxi.