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The latest update is out from Anhui Expressway Company ( (HK:0995) ).
Anhui Expressway Company Limited has entered into a new Operating Rights Lease Agreement with Yida Company, a wholly-owned subsidiary of its controlling shareholder, Anhui Transportation Holding Group. This agreement, effective from May 1, 2025, to April 30, 2026, allows Yida Company to lease service areas for business operations including catering and accommodation. The transaction is classified as a continuing connected transaction under the Hong Kong Listing Rules, exempt from independent shareholders’ approval but subject to announcement and reporting requirements. This move is expected to strengthen the company’s operational framework and maintain its market position.
More about Anhui Expressway Company
Anhui Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, primarily involved in the transportation infrastructure industry. It focuses on the management and operation of expressways and related service areas, providing services such as catering, accommodation, car repairing, and charging stations.
YTD Price Performance: -5.22%
Average Trading Volume: 300
Technical Sentiment Signal: Sell
Current Market Cap: $3.5B
Find detailed analytics on 0995 stock on TipRanks’ Stock Analysis page.