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Yuexiu Transport Infrastructure ( (HK:1052) ) has provided an update.
Yuexiu Transport Infrastructure has announced that its indirect non-wholly owned subsidiary GNSR Company has formally signed the civil construction agreement with connected party Poly Changda Engineering for the Huocun Interchange Civil Construction Project, following an earlier letter of award. The transaction qualifies as both a connected and discloseable transaction under Hong Kong listing rules, triggering reporting and announcement requirements but remaining exempt from independent shareholder approval and circular issuance, and the company’s board, including all independent non-executive directors, maintains that the terms are unchanged, commercially fair, and aligned with the group’s normal course of business and the interests of all shareholders.
The most recent analyst rating on (HK:1052) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Yuexiu Transport Infrastructure stock, see the HK:1052 Stock Forecast page.
More about Yuexiu Transport Infrastructure
Yuexiu Transport Infrastructure Limited is a Bermuda-incorporated company listed in Hong Kong that operates in the transport infrastructure sector, primarily investing in and managing toll roads and related infrastructure projects on the Chinese mainland, with a focus on regional expressways and interchange developments that support urban and intercity connectivity.
Average Trading Volume: 1,236,929
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.8B
See more data about 1052 stock on TipRanks’ Stock Analysis page.