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Jiangsu Expressway Co ( (HK:0177) ) has provided an update.
Jiangsu Expressway Company Limited has entered into an agreement with Micro Video Company for the construction of integrated monitoring rooms for 11 service areas along the Shanghai-Nanjing Expressway. This transaction, valued at up to RMB3,850,000, is classified as a continuing connected transaction due to the shared control under Jiangsu Communications Holding. The transaction is exempt from shareholders’ approval but will undergo annual review as per Hong Kong Listing Rules. The directors affirm that the deal is fair, reasonable, and in the company’s best interests without affecting its independence or shareholder interests.
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, primarily involved in the management and operation of expressways, including the Shanghai-Nanjing Expressway. The company focuses on infrastructure development and maintenance within the transportation sector.
Average Trading Volume: 5,777,644
Technical Sentiment Signal: Buy
Current Market Cap: HK$79.72B
For detailed information about 0177 stock, go to TipRanks’ Stock Analysis page.