Jiangsu Expressway Co (HK:0177) has released an update.
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Jiangsu Expressway’s subsidiary, Longtan Bridge Company, has entered a year-long agreement with JSE New Material to procure construction materials worth up to RMB60 million. This transaction, considered a related party transaction, is exempt from shareholder approval due to its low financial impact. The company’s directors affirm that the deal is fair and in the best interest of shareholders.
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