Jiangsu Expressway Co ( (HK:0177) ) has issued an announcement.
Jiangsu Expressway Company Limited has renewed its Financial Services Agreement with Jiangsu Communications Holding Group Finance Co., Ltd. for a term of three years starting April 2025. The agreement includes various financial services such as deposit, settlement, and financing services, with a maximum daily deposit balance capped at RMB500 million. The company is granted a comprehensive revolving credit of at least RMB5 billion without the need for security pledges, ensuring favorable interest rates compared to major banks. These transactions are categorized as related party transactions but are exempt from independent shareholders’ approval due to their compliance with Hong Kong Listing Rules.
More about Jiangsu Expressway Co
Jiangsu Expressway Company Limited is a joint-stock limited company established in the People’s Republic of China. It operates within the infrastructure industry, primarily focusing on the management and operation of expressways and related services. The company is a significant player in the transportation sector, contributing to the development and maintenance of road networks in Jiangsu Province.
YTD Price Performance: -3.64%
Average Trading Volume: 1,358
Technical Sentiment Signal: Sell
Current Market Cap: $8.88B
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