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Sichuan Expressway Co ( (HK:0107) ) has shared an update.
Sichuan Expressway Company Limited announced the termination of its Acquisition Agreement with Shudao Innovation Investment, initially aimed at acquiring a target equity interest. This decision means the company will not issue consideration shares to Shudao, circumventing the need for a Whitewash Waiver, and ensuring no change in voting rights or mandatory offer obligations. The Board of Sichuan Expressway believes this termination will not adversely affect the company’s current business or financial status.
More about Sichuan Expressway Co
Sichuan Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, primarily involved in the operation and management of expressways. The company’s shares are listed on both the Main Board of the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
YTD Price Performance: 1.37%
Average Trading Volume: 555
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.86B
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