Jiangsu Expressway Co (HK:0177) has released an update.
Jiangsu Expressway Company Limited has entered into an agreement to acquire a 65% equity interest in Jiangsu Suxichang South Expressway Co., Ltd. for RMB 5.2 billion, aiming to expand its asset scale and enhance sustainable development. The board of directors has approved the supplemental agreement addressing performance compensation and payment terms. Investors are cautioned about potential investment risks due to the pending completion of the transaction, subject to state-owned asset supervision approvals.
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