Yueyun Transportation Expands Connected Services Deal for Tai Ping Interchange

Guangdong Yueyun Transportation Co., Ltd. Class H ( (HK:3399) ) has provided an announcement.

Guangdong Yueyun Transportation Company Limited has expanded its cooperation with Humen Bridge Company for the Tai Ping Interchange project by signing a supplemental management agreement that adds maintenance management, safety management, engineering cost consulting and daily management of fixed and intangible assets to the existing entrusted toll collection and operation services. As Humen Bridge Company is an associate of Guangdong Provincial Communication Group, the company’s controlling shareholder, the arrangement constitutes a continuing connected transaction under Hong Kong Listing Rules, but with the aggregated transaction size remaining within the threshold that requires only announcement, reporting and annual review, and is exempt from independent shareholders’ approval, indicating limited financial impact while formalising long-term operational support for the interchange through to no later than end-2027.

The most recent analyst rating on (HK:3399) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Guangdong Yueyun Transportation Co., Ltd. Class H stock, see the HK:3399 Stock Forecast page.

More about Guangdong Yueyun Transportation Co., Ltd. Class H

Guangdong Yueyun Transportation Company Limited is a PRC-incorporated transportation company listed in Hong Kong, operating in the road and transport infrastructure services sector. Its business involves toll road–related operations and management services, including entrusted toll collection and associated operational support for transport interchanges within Guangdong province.

Average Trading Volume: 283,245

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.31B

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