Jiangsu Expressway Announces Capital Increase for Xitai Project

Jiangsu Expressway Co ( (HK:0177) ) has issued an announcement.

Jiangsu Expressway Company Limited has announced a capital increase to its subsidiary, Jiangsu Xitai Expressway Co., Ltd., amounting to RMB2,497,047,775. This move is part of the ongoing development of the Xitai Project, aimed at expanding the investor base and progressing the construction of the Wuxi to Suzhou Section of the Wutai Expressway. The capital increase will result in the company’s equity interest in Xitai Company decreasing from 50% to 47.5%, as new investors are introduced. This transaction is classified as a discloseable transaction under Hong Kong Listing Rules, requiring disclosure but not shareholder approval.

The most recent analyst rating on (HK:0177) stock is a Buy with a HK$9.70 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.

More about Jiangsu Expressway Co

Jiangsu Expressway Company Limited is a joint-stock limited company established in the People’s Republic of China. It operates in the infrastructure industry, primarily focusing on the development, construction, and management of expressways. The company is involved in significant projects such as the Wuxi to Suzhou Section of the Wutai Expressway, reflecting its market focus on enhancing regional transportation networks.

YTD Price Performance: 17.95%

Average Trading Volume: 5,866,372

Technical Sentiment Signal: Buy

Current Market Cap: HK$78.19B

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