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An announcement from Yuexiu Transport Infrastructure ( (HK:1052) ) is now available.
Yuexiu Transport Infrastructure Limited has announced a special general meeting to approve the acquisition of an 85% equity interest in Shandong Qinbin Expressway Construction Co., Ltd. from Guangzhou Yue Xiu Holdings Limited for RMB1,153.50 million. This strategic acquisition is expected to bolster Yuexiu’s asset base and enhance its operational capabilities in the expressway sector, potentially benefiting shareholders by expanding the company’s infrastructure footprint.
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
Yuexiu Transport Infrastructure Limited operates in the transport infrastructure sector, focusing on the investment, development, and management of expressways and bridges primarily in China. The company aims to enhance its portfolio by acquiring and managing transport-related assets to strengthen its market position.
YTD Price Performance: 20.61%
Average Trading Volume: 2,142,682
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$7.29B
Find detailed analytics on 1052 stock on TipRanks’ Stock Analysis page.