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Anhui Expressway Company ( (HK:0995) ) has issued an announcement.
Anhui Expressway Company Limited has announced its participation in the S98 Consortium, led by Anhui Transportation Holding Group, for the construction of the S98 Quanjiao to Lukou Expressway Anhui Section. The company has confirmed winning the bid for the project and plans to form the S98 Joint Venture Company with other consortium members to implement the project. This joint venture will be a connected transaction under the Listing Rules, but it will be exempt from independent shareholders’ approval due to the applicable percentage ratios being less than 5%. The project is expected to enhance the company’s operational capabilities and strengthen its position in the transportation infrastructure sector.
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 infrastructure industry. The company primarily focuses on the construction and management of expressways, contributing to the development of road networks in Anhui Province.
Average Trading Volume: 1,853,505
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.48B
For a thorough assessment of 0995 stock, go to TipRanks’ Stock Analysis page.