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Sichuan Expressway Co ( (HK:0107) ) just unveiled an update.
Sichuan Expressway Company has agreed, through its wholly owned subsidiary Shunan Company, to acquire an 85% equity interest in a target company from Shudao Innovation Investment for RMB2.41 billion, deepening its investment in expressway-related assets. As Shudao Innovation Investment is indirectly controlled by Sichuan Expressway’s controlling shareholder, the deal is classified both as a discloseable and a connected transaction under Hong Kong listing rules, requiring independent shareholders’ approval at an extraordinary general meeting and the issuance of a detailed circular including valuation and traffic study reports to assess the transaction’s terms and implications for minority investors.
More about Sichuan Expressway Co
Sichuan Expressway Company Limited is a Hong Kong–listed PRC joint stock company engaged in the investment, construction, operation and management of expressways and related infrastructure in Sichuan province. The group focuses on toll road operations and associated transportation services, positioning itself as a key player in regional transport connectivity and infrastructure development.
Average Trading Volume: 2,203,795
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.38B
For detailed information about 0107 stock, go to TipRanks’ Stock Analysis page.