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Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ) has issued an announcement.
Chengdu Expressway Co., Ltd. has entered into major civil construction contracts for the Chengwenqiong Expressway Expansion Project, covering the TJ1 to TJ5 bidding sections. These transactions, involving subsidiaries of China Railway Group and Sichuan Road and Bridge Group, are significant under Hong Kong’s Listing Rules, requiring reporting and shareholder approval. However, the majority shareholder has provided written approval, negating the need for a general meeting.
More about Chengdu Expressway Co., Ltd. Class H
Chengdu Expressway Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily involved in the construction and management of expressways. The company focuses on infrastructure projects, particularly in the expansion and development of expressway networks, which are crucial for regional connectivity and economic growth.
Average Trading Volume: 86,760
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.59B
Find detailed analytics on 1785 stock on TipRanks’ Stock Analysis page.