Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Jiangsu Expressway Co ( (HK:0177) ) just unveiled an announcement.
Jiangsu Expressway Company Limited announced agreements involving its subsidiary, Guangjing Xicheng Company, and other related entities, Communications Media Company and Factoring Company. These agreements include leasing advertising space and a commercial factoring arrangement, both of which are classified as related party transactions. The transactions, while not typical for the company’s routine business, are considered fair, reasonable, and devoid of any adverse impact on the company’s independence or minority shareholder interests. The transactions are exempt from needing independent shareholder approval but will undergo regular annual reviews as per Hong Kong Listing Rules.
More about Jiangsu Expressway Co
Jiangsu Expressway Company Limited is a joint-stock company established in the People’s Republic of China, focused on managing expressway operations. It engages in advertising cooperation projects and commercial factoring agreements, impacting its financial operations.
YTD Price Performance: -4.09%
Average Trading Volume: 1,611
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.19B
See more insights into 0177 stock on TipRanks’ Stock Analysis page.
