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Anhui Expressway Company ( (HK:0995) ) has issued an announcement.
Anhui Expressway Company Limited has announced its participation in a consortium led by Anhui Transportation Holding Group, which has successfully bid for a Public-Private Partnership (PPP) project to construct the S62 Bozhou to Dancheng Expressway Bozhou Section. The company plans to form a joint venture with consortium members to implement the project, marking a connected transaction under the Listing Rules. This strategic move is expected to strengthen the company’s position in the transportation infrastructure sector, although it will require compliance with certain reporting and announcement obligations.
More about Anhui Expressway Company
Anhui Expressway Company Limited, incorporated in the People’s Republic of China, operates in the transportation infrastructure industry. The company primarily focuses on the development and management of expressway projects, enhancing regional connectivity and supporting economic growth.
YTD Price Performance: -5.22%
Average Trading Volume: 300
Technical Sentiment Signal: Sell
Current Market Cap: $3.31B
Find detailed analytics on 0995 stock on TipRanks’ Stock Analysis page.