Anhui Expressway Joins Consortium to Develop RMB 7.24 Billion S19 Toll Road Project

Anhui Expressway Company ( (HK:0995) ) has shared an update.

Anhui Expressway Company Limited has joined a consortium led by its controlling shareholder, Anhui Transportation Holding Group, to develop the S19 Huainan to Tongcheng Expressway (Shucheng to Tongcheng section), having received confirmation that the consortium’s bid of RMB 7.24 billion for the concession project was successful, with a 1,080-day construction period and a 354-month toll collection term. To implement the project, the consortium plans to establish an S19 joint venture company, and because several consortium members are associates of the controlling shareholder, the JV’s formation constitutes a connected transaction under Hong Kong listing rules; while the expected capital contribution triggers reporting and announcement requirements, it remains below the threshold that would require independent shareholders’ approval, and will be aggregated with earlier JV transactions for the S62 and S98 expressway projects for compliance purposes.

The most recent analyst rating on (HK:0995) stock is a Hold with a HK$14.00 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 PRC-incorporated expressway operator focused on investing in, constructing, and managing toll expressway projects in Anhui province. The company works closely with its controlling shareholder, Anhui Transportation Holding Group, often participating in consortium-led projects and joint ventures to expand its portfolio of toll roads and concession-based infrastructure assets.

Average Trading Volume: 1,656,049

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$26.91B

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