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The latest announcement is out from Anhui Expressway Company ( (HK:0995) ).
Anhui Expressway Company Limited has entered into a Goods Procurement Framework Agreement with Yida Company, effective from January 24, 2025, to December 31, 2026. This agreement entrusts Yida Company and its subsidiaries to provide centralized procurement and distribution services for agricultural products, office necessities, and other materials, with a total expenditure not exceeding RMB54 million. This transaction, considered a continuing connected transaction under Hong Kong’s Listing Rules, does not require independent shareholders’ approval but is subject to announcement and annual review requirements, reflecting the company’s strategic alignment with its controlling shareholder.
More about Anhui Expressway Company
Anhui Expressway Company Limited is a joint stock company incorporated in China, operating in the transportation and infrastructure industry. It focuses on expressway management, development, and related services. The company is significantly influenced by its controlling shareholder, Anhui Transportation Holding Group, which holds a substantial percentage of its shares.
YTD Price Performance: 1.49%
Average Trading Volume: 1,433
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.25B
For a thorough assessment of 0995 stock, go to TipRanks’ Stock Analysis page.
