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Jiangsu Expressway Announces Construction Materials Deal
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Jiangsu Expressway Announces Construction Materials Deal

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.

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

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