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Sichuan Expressway Co. Holds EGM, Advances Chengya Expansion

Story Highlights
  • Sichuan Expressway held an EGM to amend its Articles and abolish the Supervisory Committee.
  • The Chengya Expressway Expansion Project joint venture was a major focus, with key shareholders abstaining.
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Sichuan Expressway Co. Holds EGM, Advances Chengya Expansion

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Sichuan Expressway Co ( (HK:0107) ) just unveiled an announcement.

Sichuan Expressway Company Limited held an Extraordinary General Meeting (EGM) to discuss and vote on several key resolutions, including amendments to the Articles of Association and the abolishment of the Supervisory Committee. The meeting saw significant shareholder participation, with 58.69% of voting shares represented. A major resolution involved the establishment of a joint venture for the Chengya Expressway Expansion Project, which is a significant development for the company. However, the controlling shareholder, Shudao Investment, abstained from voting on this resolution due to a conflict of interest.

More about Sichuan Expressway Co

Sichuan Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, focusing on the development and management of expressways. The company is involved in major infrastructure projects, such as the Chengya Expressway Expansion Project, and operates within the transportation industry.

Average Trading Volume: 4,928,309

Technical Sentiment Signal: Buy

Current Market Cap: HK$17.61B

For detailed information about 0107 stock, go to TipRanks’ Stock Analysis page.

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