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Sichuan Expressway Wins Bid for Chengya Expansion Project

Story Highlights
  • Sichuan Expressway’s consortium won the Chengya Expressway Expansion Project bid.
  • The Huashi Construction Contract sets a budget limit of RMB2.075 billion for the project.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sichuan Expressway Wins Bid for Chengya Expansion Project

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An update from Sichuan Expressway Co ( (HK:0107) ) is now available.

Sichuan Expressway Company Limited announced that its consortium, which includes China Huashi and other partners, has won the bid for the Chengya Expressway Expansion Project. The Chengya Expressway Company has been established to oversee the project’s construction, operation, and management. A significant development in this project is the signing of the Huashi Construction Contract, which outlines the construction details and financial terms, with a maximum budget not exceeding RMB2.075 billion. This transaction is classified as disclosable under the Hong Kong Stock Exchange’s listing rules, indicating its importance to the company’s strategic growth and market positioning.

More about Sichuan Expressway Co

Sichuan Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the infrastructure and transportation industry. It focuses on the construction, operation, and management of expressways and related projects.

Average Trading Volume: 4,155,442

Technical Sentiment Signal: Buy

Current Market Cap: HK$18.06B

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