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An announcement from Jiangsu Expressway Co ( (HK:0177) ) is now available.
Jiangsu Expressway Company Limited announced a capital increase agreement with Longtan Bridge Company to fund the Ningyang Yangtze River Bridge Southern Connection Project. The total investment for the project is estimated at RMB9.03272 billion, with Jiangsu Expressway increasing its capital in Longtan Bridge Company by RMB3.26964 billion, raising its shareholding to approximately 63.80%. This transaction is classified as a discloseable and connected transaction under Hong Kong Listing Rules, highlighting the company’s strategic move to enhance its infrastructure portfolio and strengthen its market position.
The most recent analyst rating on (HK:0177) stock is a Hold with a HK$10.20 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, focusing on the development and management of expressways and related projects. The company is involved in significant infrastructure projects, such as the construction of expressways and bridges, which are crucial for regional connectivity and economic development.
Average Trading Volume: 6,445,451
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$64.24B
For detailed information about 0177 stock, go to TipRanks’ Stock Analysis page.