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Anhui Expressway Company ( (HK:0995) ) has issued an update.
Anhui Expressway Company Limited has entered into a Services Framework Agreement with Anlian Company, a subsidiary of its controlling shareholder Anhui Transportation Holding Group. This agreement, effective from January 2025 to December 2027, involves Anlian providing property management, labor, and conference services to Anhui Expressway. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules and is exempt from independent shareholders’ approval due to its commercial terms, though it requires announcement and annual reporting. The agreement allows Anhui Expressway to maintain flexibility in selecting service providers, potentially impacting its operational efficiencies and stakeholder relationships.
More about Anhui Expressway Company
Anhui Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, operating within the expressway industry. The company is involved in expressway development, management, and related services, with a significant market focus in property management and labor services within its expressway operations.
YTD Price Performance: 1.49%
Average Trading Volume: 1,433
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.25B
For detailed information about 0995 stock, go to TipRanks’ Stock Analysis page.
