Jiangsu Expressway Co (HK:0177) has released an update.
Jiangsu Expressway Company Limited is investing RMB2.9 billion in the widening of the Guangling to Jingjiang section of the G2 Beijing-Shanghai Expressway, aiming to boost transportation capacity and regional economic development. The investment will be funded by the subsidiary Jiangsu Guangjing Xicheng Expressway Co., along with local government contributions and bank loans, with a construction period of 3.5 years. This significant enhancement to infrastructure does not require shareholder approval and is not considered a major asset reorganization.
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