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The latest update is out from Anhui Expressway Company ( (HK:0995) ).
Anhui Expressway Company Limited announced a new Operating Rights Lease Agreement between its subsidiary, Guangxuan Company, and Yida Company, a wholly-owned subsidiary of Anhui Transportation Holding Group. This agreement allows Yida Company to lease the Honglin Service Area for business operations from January 2025 to January 2028. The transaction is classified as a continuing connected transaction under the Listing Rules, exempt from independent shareholders’ approval but subject to announcement and reporting requirements. The lease facilitates Yida Company’s operations in catering, accommodation, and retail services, potentially enhancing the company’s service offerings and market presence.
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, incorporated in the People’s Republic of China, operates in the transportation sector. It is involved in the management and operation of expressways and related services, with a market focus on infrastructure development and transportation services.
Average Trading Volume: 1,998,209
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.26B
Learn more about 0995 stock on TipRanks’ Stock Analysis page.