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Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ) has shared an announcement.
Chengdu Expressway Co., Ltd. has signed a supplemental agreement with the Dayi County People’s Government to expand the scope of land requisition for the Chengwenqiong Expressway Expansion Construction Project, reflecting an increase in the actual construction land required. As a result, the estimated total compensation for the Dayi County section will rise from RMB389.58 million to RMB690.82 million, with staged payments tied to land handover milestones and final settlement.
The company said the additional land costs follow the original compensation standards and do not introduce new commercial risks, positioning the deal as a necessary continuation of the existing framework. By securing additional construction land in a timely manner, Chengwenqiong Expressway Company aims to avoid project delays, keep the expansion on schedule, and protect the overall investment returns of Chengdu Expressway and its shareholders.
More about Chengdu Expressway Co., Ltd. Class H
Chengdu Expressway Co., Ltd. is a PRC-based toll road operator focused on the investment, construction, operation, and management of expressways around Chengdu. Through subsidiaries such as Chengwenqiong Expressway Company, it develops and expands regional highway infrastructure to support growing transport demand and enhance connectivity in Sichuan Province.
Average Trading Volume: 56,818
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$3.21B
Find detailed analytics on 1785 stock on TipRanks’ Stock Analysis page.