Yuexiu Transport Infrastructure Engages in Connected Transaction for Huocun Interchange Project

Yuexiu Transport Infrastructure ( (HK:1052) ) just unveiled an update.

Yuexiu Transport Infrastructure has entered into an Entrusted Construction Management Agreement through its indirect subsidiary, GNSR Company, with GSZ Company to manage the Huocun Interchange Common Ramps Improvement Project. Under this agreement, both companies will share the construction fees equally, and GSZ Company will pay GNSR Company a maximum of RMB536,170,000 in entrusted fees. This transaction is considered a connected and discloseable transaction under the Hong Kong Stock Exchange Listing Rules, requiring reporting and announcement but exempt from independent shareholders’ approval.

The most recent analyst rating on (HK:1052) stock is a Buy with a HK$5.90 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

YTD Price Performance: -1.82%

Average Trading Volume: 2,569,137

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$6.32B

For an in-depth examination of 1052 stock, go to TipRanks’ Overview page.