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The latest announcement is out from Anhui Expressway Company ( (HK:0995) ).
Anhui Expressway Company Limited has announced the issuance of new H shares under a general mandate, entering into a subscription agreement with Anhui Transportation Holding Hong Kong. This transaction involves the issuance of approximately 49.98 million new H shares, representing significant percentages of the company’s share capital, and is classified as a connected transaction under Hong Kong Listing Rules, requiring independent shareholders’ approval.
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 operation and management of expressways. The company focuses on providing transportation infrastructure services and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -5.22%
Average Trading Volume: 300
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.44B
Find detailed analytics on 0995 stock on TipRanks’ Stock Analysis page.