Jiangsu Expressway Releases RMB4 Billion Guarantee

Jiangsu Expressway Co (HK:0177) has released an update.

Jiangsu Expressway Company Limited announces the release of its joint liability guarantee obligations of up to RMB4 billion, following successful negotiations with China Development Bank. This move comes as part of the company’s strategy to mitigate financial risks and bolster its financial stability. The release is linked to the company’s previous acquisition of Jiangsu Yunshan Green Energy Investment Holding Company Limited and its subsidiary’s involvement in the ‘Planning Report of Offshore Wind Farm Projects in Jiangsu Province’.

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