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The latest update is out from Jiangsu Expressway Co ( (HK:0177) ).
Jiangsu Expressway Company Limited announced that its subsidiary, Guangjing Xicheng Company, has entered into agreements for two significant construction projects. The first involves a tripartite agreement for the construction of traffic safety facilities on the Wuxi-Yixing Expressway, with a budget not exceeding RMB32.98 million. The second agreement is for a highway expansion project on the Beijing-Shanghai Expressway, with a consortium led by Sichuan Road & Bridge Company and Xiandai Shuning Company, valued at up to RMB472.9402 million. These transactions are classified as continuing connected transactions under the Hong Kong Listing Rules, subject to announcement requirements but exempt from independent shareholders’ approval.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$9.70 price target. To see the full list of analyst forecasts on Jiangsu Expressway Co stock, see the HK:0177 Stock Forecast page.
More about Jiangsu Expressway Co
Jiangsu Expressway Company Limited operates in the transportation infrastructure industry, primarily focusing on the construction and management of expressways in China. The company is involved in developing traffic safety facilities and highway expansion projects, often collaborating with other entities under the common control of Jiangsu Communications Holding.
Average Trading Volume: 6,253,987
Technical Sentiment Signal: Buy
Current Market Cap: HK$76.65B
See more insights into 0177 stock on TipRanks’ Stock Analysis page.