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An update from Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) is now available.
Qilu Expressway Co., Ltd. has announced a connected transaction involving the establishment of a joint venture (JV) company with Zhengchen Technology. The JV, named Qilu Expressway Material Technology Co., Ltd., will focus on investing in a target project with a total capital contribution of RMB100 million, of which Qilu Expressway will contribute RMB51 million. This strategic move aligns with the company’s ongoing investment plans and financial strategies, and the JV will be considered a subsidiary within the group’s consolidated financial statements. The transaction is subject to certain reporting requirements but is exempt from independent shareholder approval under Hong Kong listing rules.
More about Qilu Expressway Co., Ltd. Class H
Qilu Expressway Co., Ltd. operates in the infrastructure industry, focusing on the development and management of expressways. The company is based in the People’s Republic of China and operates as a joint stock company with limited liability.
YTD Price Performance: 0.0%
Average Trading Volume: 62,491
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$4.6B
Find detailed analytics on 1576 stock on TipRanks’ Stock Analysis page.