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Jiangsu Expressway Co ( (HK:0177) ) has provided an update.
Jiangsu Expressway Co announced resolutions from its recent board meeting, including a capital increase for its subsidiary, Wufengshan Toll Bridge Company. The capital increase, amounting to RMB108,517,200, will raise the subsidiary’s registered capital to RMB4,994,593,800. This decision, approved by the board and its committees, aims to strengthen the company’s infrastructure investment, with directors affirming the fairness and benefits of the transaction for the company and its shareholders.
More about Jiangsu Expressway Co
Jiangsu Expressway Co is a joint-stock limited company based in the People’s Republic of China, primarily involved in the management and operation of expressway networks. The company focuses on infrastructure development, particularly in toll bridge services, enhancing transportation efficiency and connectivity in the Jiangsu region.
YTD Price Performance: -4.09%
Average Trading Volume: 1,611
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.19B
See more data about 0177 stock on TipRanks’ Stock Analysis page.
