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Yuexiu Transport Infrastructure ( (HK:1052) ) has provided an update.
Yuexiu Transport Infrastructure has announced a connected transaction involving the award of an overhaul agreement to Poly Changda Engineering for the Suiyuenan Expressway Overhaul Project (Phase 5). This agreement, valued at RMB69,094,417, follows a competitive bidding process and involves providing overhaul services to the Suiyuenan Expressway Company, a subsidiary of Yuexiu Transport Infrastructure. The transaction is considered a connected transaction under Hong Kong’s Listing Rules due to the relationship between the involved parties. The project is expected to be completed within 12 months and is aggregated with a previous phase of the project for regulatory purposes. The transaction has been approved by the board and deemed fair and reasonable, subject only to reporting and announcement requirements.
The most recent analyst rating on (HK:1052) stock is a Buy with a HK$5.00 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
Average Trading Volume: 2,545,219
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.09B
See more insights into 1052 stock on TipRanks’ Stock Analysis page.