The latest announcement is out from Anhui Expressway Company ( (HK:0995) ).
Anhui Expressway Company Limited has entered into a joint venture agreement with a consortium led by Anhui Transportation Holding Group to implement a PPP project for the construction of the S62 Bozhou to Dancheng Expressway Bozhou Section. The joint venture company will have a registered capital of up to RMB616.052 million, with Anhui Expressway contributing RMB215.6182 million for a 35% stake. This strategic move enhances the company’s infrastructure portfolio and strengthens its position in the transportation sector, potentially benefiting stakeholders through improved regional connectivity.
More about Anhui Expressway Company
Anhui Expressway Company Limited, incorporated in the People’s Republic of China, operates in the infrastructure industry, focusing on the development and management of expressways. The company is involved in projects that enhance transportation networks, contributing to regional connectivity and economic growth.
YTD Price Performance: -5.22%
Average Trading Volume: 300
Technical Sentiment Signal: Sell
Current Market Cap: $3.55B
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