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Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ) has shared an announcement.
Chengdu Expressway Co., Ltd. has entered into a Construction Compensation Agreement related to the Fenghuang Interchange Construction Project on a section of the Chengming Expressway. This agreement involves their subsidiary, the Operation Company, allowing Xingrongxi Urban Construction and Development Company, a subsidiary of their controlling shareholder, Chengdu Communications Investment, to proceed with construction. In return, construction compensation will be paid to Chengwenqiong Expressway Company, another subsidiary of Chengdu Expressway. This transaction, classified as a connected transaction under Hong Kong’s Listing Rules, is significant for the company’s operational alignment with its controlling shareholder and its strategic infrastructure projects.
More about Chengdu Expressway Co., Ltd. Class H
Chengdu Expressway Co., Ltd. operates within the expressway management and construction industry in China. Its primary focus is on the operation, maintenance, and management of expressway sections, providing infrastructure services critical for transportation and logistics.
YTD Price Performance: -0.42%
Average Trading Volume: 56,809
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$3.94B
For a thorough assessment of 1785 stock, go to TipRanks’ Stock Analysis page.
