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GTJA: The Highway Industry has high dividend yields and stable cash flow, with policy optimization possibly accelerating developments.
It is expected that the high dividend policy will continue in the future, and investing in well-managed highway companies remains a preferred choice for dividends.
Jiangsu Expressway Issues 600 Million Yuan of Notes Due 2030
JIANGSU EXPRESS (00177.HK) has increased its investment in Wufengshan Bridge Company by the same proportion.
On January 14, Gelonghui announced that JIANGSU EXPRESS (00177.HK) will increase investment due to the rise in major material prices, adding 383.9594 million yuan to the investment for the northern and southern road connections of the Wufeng Mountain river-crossing tunnel. Additionally, due to adjustments in land acquisition and demolition costs, there will be an increase of 36.65 million yuan in the investment for the road section of the Wufeng Mountain Yangtze River Bridge. 40% of the additional investment will be contributed by the respective investors according to their shareholding ratios in the Wufeng Mountain Bridge Company. The Wufeng Mountain Bridge Company will increase its investment by 168.2438 million yuan, with its shareholders contributing according to their shareholding ratios, of which this company will bear 1 yuan.
Express News | Jiangsu Expressway - Wufengshan Toll Bridge Company Will Conduct a Capital Increase of RMB168.2 Mln
Express News | Jiangsu Expressway - Investment in North-South Road Connection Project of Wufengshan River-Crossing Corridor RMB384 Mln
Jiangsu Expressway (600377.SH): Plans to increase capital in cash to the subsidiary company Wufengshan Bridge Company.
On January 14, Gelonghui reported that Jiangsu Expressway (600377.SH) announced plans to inject Cash / Money Market into its controlling subsidiary, Wufengshan Bridge Company, amounting to 108.5172 million yuan. The other shareholders of Wufengshan Bridge Company, Jiangsu Communications Holding Co., Ltd. (abbreviated as "Jiangsu Jiaokong") and Yangzhou Transportation Industry Group Co., Ltd. (abbreviated as "Yangzhou Transportation"), will provide proportionate capital increase according to their shareholdings, totaling 37.0305 million yuan and 22.6961 million yuan, respectively.
Be Wary Of Jiangsu Expressway (HKG:177) And Its Returns On Capital
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