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Jiangsu Expressway Co ( (HK:0177) ) has issued an announcement.
Jiangsu Expressway Company Limited announced the resolutions from its thirteenth board meeting, which included the approval of a five-year extension for the Luode Huizhi Fund held by its subsidiary, Jiangsu Ninghu Investment Development Co., Ltd. Additionally, the company approved a related party transaction agreement involving its subsidiary, Guangjing Xicheng Expressway Company, and Xiandai Transportation Company for traffic safety facility construction services. This agreement, valued at up to RMB32,980,000, is set to enhance infrastructure on the Wuxi-Yixing Expressway, potentially strengthening the company’s industry positioning and operational capabilities.
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 based in the People’s Republic of China. The company operates in the transportation infrastructure sector, primarily focusing on the development, operation, and management of expressways. Its market focus includes enhancing transportation networks within Jiangsu Province and beyond.
Average Trading Volume: 6,253,987
Technical Sentiment Signal: Buy
Current Market Cap: HK$76.65B
For detailed information about 0177 stock, go to TipRanks’ Stock Analysis page.