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An announcement from Anhui Expressway Company ( (HK:0995) ) is now available.
Anhui Expressway Company Limited has announced its voluntary subscription for A shares in Shenzhen Expressway Corporation Limited. The transaction involves Anhui Expressway acquiring 38,179,196 A shares at a total consideration of RMB502,820,011.32, which will result in the company holding approximately 1.50% of Shenzhen Expressway’s enlarged share capital. This strategic investment aligns with Anhui Expressway’s focus on expanding its portfolio in the toll highway sector, potentially enhancing its market position and offering growth opportunities.
More about Anhui Expressway Company
Anhui Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, primarily engaged in the investment, construction, operation, and management of toll highways.
YTD Price Performance: -4.10%
Average Trading Volume: 300
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.24B
Find detailed analytics on 0995 stock on TipRanks’ Stock Analysis page.