Jiangsu Expressway Announces Construction Materials Deal
Company Announcements

Jiangsu Expressway Announces Construction Materials Deal

Jiangsu Expressway Co (HK:0177) has released an update.

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.

For further insights into HK:0177 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskJiangsu Expressway Expands Stake in Key Subsidiary
TipRanks HongKong Auto-Generated NewsdeskJiangsu Expressway Boosts Subsidiary’s Capital with Strategic Investment
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App