Jiangsu Expressway Approves Capital Increase for Subsidiary

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

Jiangsu Expressway Company Limited announced the approval of a capital increase for its subsidiary, Jiangsu Xitai Expressway Co., Ltd. The capital increase involves a ‘construction contracting + equity investment’ model to introduce social capital, raising Xitai Company’s registered capital to RMB12,099,095,550. This move will reduce Jiangsu Expressway’s shareholding in Xitai Company from 50% to 47.5%, potentially impacting its control over the subsidiary. The decision reflects a strategic initiative to leverage external investments for expansion, which could influence the company’s market positioning and stakeholder 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. It operates in the infrastructure industry, primarily focusing on the construction and management of expressways. The company is involved in developing transportation networks and enhancing regional connectivity.

YTD Price Performance: 17.95%

Average Trading Volume: 5,866,372

Technical Sentiment Signal: Buy

Current Market Cap: HK$78.19B

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