Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Jiangsu Expressway Co ( (HK:0177) ) has issued an announcement.
Jiangsu Expressway Company Limited announced a related party transaction involving its subsidiary, Longtan Bridge Company, and Xiandai Transportation Company for the construction of steel guardrails on a bridge project. This transaction, which is under the common control of Jiangsu Communications Holding, is deemed a continuing connected transaction but does not require shareholders’ approval as it accounts for less than 0.5% of the company’s net assets. The directors believe the transaction is fair, reasonable, and in the company’s best interests, without affecting its independence or minority shareholders.
More about Jiangsu Expressway Co
Jiangsu Expressway Company Limited operates in the transportation infrastructure industry, focusing on the construction and management of expressways and bridges in China. The company is involved in projects that enhance traffic safety and connectivity, contributing to regional development.
YTD Price Performance: 8.18%
Average Trading Volume: 2,875
Technical Sentiment Signal: Strong Sell
Current Market Cap: $9.74B
For a thorough assessment of 0177 stock, go to TipRanks’ Stock Analysis page.