Jiangsu Expressway Announces Related Party Transactions for Expressway Projects

The latest announcement is out from Jiangsu Expressway Co ( (HK:0177) ).

Jiangsu Expressway Company Limited announced that its subsidiary, Guangjing Xicheng Company, has entered into contracts for the supply of asphalt and new materials for two expressway extension projects. These transactions, involving JSE New Material Company, a related party, are deemed ordinary and conducted on fair commercial terms. The transactions require approval at a general meeting, with the controlling shareholder abstaining from voting. The company assures that these transactions do not affect its independence or the interests of minority shareholders.

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 construction and management of expressways. The company focuses on infrastructure projects, particularly in the transportation sector, and operates under the oversight of its controlling shareholder, Jiangsu Communications Holding.

YTD Price Performance: 24.24%

Average Trading Volume: 5,537,215

Technical Sentiment Signal: Buy

Current Market Cap: HK$79.96B

For an in-depth examination of 0177 stock, go to TipRanks’ Stock Analysis page.