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Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ) has issued an announcement.
Chengdu Expressway Co., Ltd. has announced that its wholly owned Operation Company has entered into a new entrusted operation and management contract with Chengming Company for the Qiongming Expressway, replacing the existing agreement that expires on 31 December 2025. The new three‑year contract, effective from 1 January 2026 to 31 December 2028, covers comprehensive management of the expressway and its supporting facilities, including toll collection, system maintenance, road upkeep, asset management, safety operations, and unified personnel management, thereby consolidating Chengdu Expressway’s operational control over this key asset. As Chengming Company is a connected subsidiary, the arrangement constitutes a continuing connected transaction under Hong Kong Listing Rules; it will be subject to reporting, announcement and annual review requirements but is exempt from the need for a circular and independent shareholders’ approval, streamlining compliance while maintaining regulatory oversight for investors and other stakeholders.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
More about Chengdu Expressway Co., Ltd. Class H
Chengdu Expressway Co., Ltd. is a PRC-incorporated joint stock company engaged in the investment, operation and management of expressways and related infrastructure in and around Chengdu. Through its subsidiaries, the company focuses on toll road operations and associated supporting facilities, providing road maintenance, toll collection, and related operational services within the regional expressway network.
Average Trading Volume: 1,348,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.44B
For an in-depth examination of 1785 stock, go to TipRanks’ Overview page.