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The latest update is out from Jiangsu Expressway Co ( (HK:0177) ).
Jiangsu Expressway Company Limited announced a change in the equity interests of its controlling shareholder, Jiangsu Communications Holding Company, and its concert parties, following the acquisition of additional shares by its subsidiary, Yunshan Capital. This acquisition increased the controlling shareholder’s stake from approximately 54.4511% to 55.0000%, reaching a significant threshold of 5% multiples. Despite this change, the company’s controlling shareholder and de facto controller remain unchanged, and the adjustment is not expected to impact the company’s daily operations or trigger a general offer.
The most recent analyst rating on (HK:0177) stock is a Buy with a HK$11.00 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 is a joint-stock limited company based in the People’s Republic of China, primarily engaged in the construction, operation, and management of toll expressways and bridges. The company focuses on the transportation infrastructure industry, serving as a key player in the development and maintenance of expressway networks in Jiangsu Province.
Average Trading Volume: 6,488,256
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$69.55B
For detailed information about 0177 stock, go to TipRanks’ Stock Analysis page.