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Jiangsu Expressway Co ( (HK:0177) ) has issued an update.
Jiangsu Expressway Company Limited’s board approved a significant capital increase to its subsidiary, Jiangsu Longtan Bridge Co., Ltd., amounting to RMB4,516.36 million, with the company contributing RMB3,269.64 million. This move supports the construction of the Nanjing Urban Circle Ring Expressway, a project with a total investment of RMB9,032.72 million. The initiative is expected to enhance the company’s infrastructure portfolio and strengthen its market position in the expressway industry, benefiting shareholders and stakeholders alike.
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 company established in the People’s Republic of China, primarily engaged in the construction and operation of expressways. The company focuses on infrastructure development, particularly in the expressway sector, contributing to the transportation network within China.
Average Trading Volume: 6,445,451
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$64.24B
Find detailed analytics on 0177 stock on TipRanks’ Stock Analysis page.