Jiangsu Expressway Co Announces Related Party Transaction for Expressway Projects

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

Jiangsu Expressway Co announced a related party transaction involving its subsidiary, Guangjing Xicheng Company, which has entrusted project construction management to the Transportation Construction Bureau for two expressway extension projects. JSE New Material Company, an indirect subsidiary of Jiangsu Communications Holding, will supply construction materials for these projects, with significant annual caps set for 2025 and 2026. This transaction, while requiring approval at a general meeting, is deemed to be in the ordinary course of business and does not affect the company’s independence or shareholder 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 Co is a joint-stock limited company based in the People’s Republic of China, primarily involved in the construction and management of expressways. The company focuses on infrastructure development and related services, contributing to the transportation sector.

YTD Price Performance: 17.95%

Average Trading Volume: 5,866,372

Technical Sentiment Signal: Buy

Current Market Cap: HK$78.19B

See more data about 0177 stock on TipRanks’ Stock Analysis page.