Jiangsu Express (00177.HK): Established a joint venture with Changzhou Jiaokong to be responsible for the investment, construction, and operation management of the Danjin project.
On November 17, Gelonghui reported that the jiangsu express (00177.HK) announced the optimization of road network construction to continue consolidating its leading position in the southern Jiangsu road network. The company approved the investment proposal for the project of the Danyang to Jintan section of the Funing to Liyang expressway at the 5th meeting of the 11th board of directors held on October 29, 2024. The investment for the Danyang to Jintan section of the Funing to Liyang expressway (referred to as the 'Danjin project') is planned to be funded with its own funds and other funds that comply with laws and regulations as capital contributions, totaling 1.27118 billion yuan, along with investment from Changzhou.
Jiangsu Expressway Co. Invests in Fuli Expressway Expansion
Jiangsu expressway (600377.SH): Intends to cooperate with Danjin Company to be responsible for the investment, construction, and operation management of the Danjin project.
On November 17, Gronghui announced that the Jiangsu Expressway (600377.SH) has signed an investment agreement with Changzhou Transportation Holding Group Co., Ltd. (hereinafter referred to as "Changzhou Transportation Control") on November 16, 2024, agreeing to jointly invest in the establishment of Jiangsu Danjin Expressway Co., Ltd. (tentative name, hereinafter referred to as "Danjin Company"), responsible for the investment construction and operation management of the Danjin project. The construction scope of this agreement includes: starting from the Dan yang New District hub at the intersection of the Huyong Expressway, connecting to the already built Zhenjiang to Danyang Expressway to the north, and leading south through Danyang East, Erling, Jintan East, and Jiaze.
Express News | JPMorgan Chase & Co's Long Position in H Shares of Jiangsu Expressway Decreases to 4.53% on Nov 11 From 5.99% - HKEX
Jiangsu express (00177.HK) provides proportional capital increase to Guangjing Xicheng Company.
On November 14, Glonghui announced that Jiangsu Express (00177.HK) signed the "Capital Increase Agreement" with China Merchants Highway and Guangjing Xicheng Company regarding capital increase on November 14, 2024. Guangjing Xicheng Company increased its capital by 1600 million yuan, and its shareholders contributed according to their shareholding ratio, among which the company subscribed 1360 million yuan for Guangjing Xicheng Company's contribution of 409,702,283 yuan, and China Merchants Highway subscribed 240 million yuan for Guangjing Xicheng Company's contribution of 72,300,403 yuan. This capital increase is completed.
Express News | Jiangsu Expressway - to Subscribe for RMB409.7 Mln of Guangjing Xicheng Co's Registered Capital for RMB1.36 Bln
Jiangsu express signed an agreement with Su Gao Xincai Company.
On November 14, Glonghui reported that jiangsu express (00177.HK) announced that on November 14, 2024, the company's holding subsidiary, Longtan Bridge Company, signed an agreement with Su Gao New Materials Company for the procurement of engineering materials. Longtan Bridge Company will purchase asphalt and new materials for engineering & construction from Su Gao New Materials Company. The agreement period is from January 1, 2025, to December 31, 2025, with a total amount not exceeding 60 million RMB.
Express News | Jiangsu Expressway - Amount of Agreement Shall Not Exceed RMB60 Mln
Express News | Jiangsu Expressway - Unit Shall Purchase Asphalt and New Materials for Construction Use From Jse New Material
Jiangsu Expressway (600377.SH): Increased capital by 1.36 billion yuan to the controlling subsidiary Guangjing Xicheng Company.
Gelonghui reported on November 14 that Jiangsu Expressway (600377.SH) announced that in order to optimize the debt repayment and risk resistance capabilities of its controlling subsidiary and promote the healthy and sustainable development of the group, the sixth meeting of the eleventh board of directors on November 14, 2024, reviewed and approved the "Proposal on Capital Increase for the Controlling Subsidiary Guangjing Xicheng Company." The company agreed to inject capital into the controlling subsidiary Guangjing Xicheng Company with its own funds or other funds that meet the contribution requirements, with a capital increase amount of 1360 million yuan. The other shareholder of Guangjing Xicheng Company is China Merchants Highway Network Technology Holdings Co., Ltd.
We Think Jiangsu Expressway (HKG:177) Can Stay On Top Of Its Debt
Jiangsu Expressway Plans Key 2024 Shareholder Meeting
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Third Quarter Report 2024
Express News | Jiangsu Expressway - Jiangsu Expressway Will Make Capital Contribution of RMB1,271.18 Mln to Invest in Danjin Project
Jiangsu Express (00177.HK): Intends to expand and renovate the command center managed by Modern Road and Bridge for the Ningchang Management Office.
Gelonghui October 29th | Jiangsu Expressway (00177.HK) announced that on October 29, 2024, the company signed an agreement with Modern Road and Bridge Company to expand and renovate the company's Ningchang Management Center. The agreement is valid from October 29, 2024 to December 31, 2024. The agreement amount does not exceed RMB 1.6314 million.
Express News | Jiangsu Expressway - Xiandai R+B Co to Undertake Expansion & Renovation Works of Ningchang Management Office Command Center for RMB1.6 Mln
Jiangsu Express (00177.HK) net income for the first three quarters was 4.12 billion yuan, a year-on-year increase of 2.05%.
On October 29, GeLongHui reported that Jiangsu Expressway (00177.HK) announced that in the first three quarters of 2024, the company's revenue was 14.058 billion yuan, a year-on-year increase of 21.10%; net income attributable to shareholders of the listed company was 4.12 billion yuan, a year-on-year increase of 2.05%; basic earnings per share was 0.8178 yuan.
JIANGSU EXPRESS: THE THIRD QUARTERLY REPORT OF 2024
Jiangsu Express (00177) nominated Yang Shaojun as a non-executive director of the eleventh board of directors.
Jiangsu Expressway (00177) announced that the Board of Directors of the company has received notifications from non-executive director Wu Xinhua and director Zhou Wei...
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