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Anhui Expressway Company ( (HK:0995) ) just unveiled an announcement.
Anhui Expressway Company Limited has announced a major transaction involving the acquisition of 7% of the total issued share capital of Shandong Hi-Speed Co., Ltd. The acquisition, valued at approximately RMB3.02 billion, is subject to shareholder approval and compliance with Hong Kong Listing Rules. This strategic move is expected to enhance Anhui Expressway’s market position and expand its influence in the transportation infrastructure sector.
The most recent analyst rating on (HK:0995) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Anhui Expressway Company stock, see the HK:0995 Stock Forecast page.
More about Anhui Expressway Company
Anhui Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, operating primarily in the transportation infrastructure industry. The company focuses on the development, operation, and management of expressways and related infrastructure projects.
Average Trading Volume: 1,685,440
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$26.29B
Find detailed analytics on 0995 stock on TipRanks’ Stock Analysis page.