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Jiangsu Expressway Approves Capital Increase for Wufengshan Toll Bridge
JIANGSU EXPRESS (00177.HK): Wufengshan Bridge Company will increase its capital by 0.168 billion yuan.
On February 21, Gelonghui reported that Jiangsu Express (00177.HK) announced that on January 14, 2025, the eighth meeting of the eleventh Board of Directors approved the proposal on "the Company's capital increase to its holding subsidiary Wufengshan Bridge Company." Due to the rise in the prices of main materials, the investment in the north-south road connection section of the Wufengshan river crossing passage increased by RMB 383.9594 million; additionally, due to the adjustment of land acquisition and demolition costs, the investment in the road section of the Wufengshan Yangtze River Bridge increased by RMB 36.65 million. The increased investment will be covered 40% by each contributor according to their respective equity in Wufengshan Bridge Company.
Express News | Jiangsu Expressway - Wufengshan Toll Bridge Co Will Conduct Capital Increase of RMB168.2 Mln, Others
JIANGSU EXPRESS plans to adopt the stock option plan and stock reward plan for 2025.
Jiangsu Expressway (01571) announced that on the date of this announcement (February 14, 2025), the Board of Directors resolved to recommend that shareholders adopt the 2025 stock option plan and the 2025 share reward plan at the special general meeting of shareholders. Adopting the 2025 share plan will allow the company to motivate the group's directors and employees to contribute to the group and attract and retain talent; and implement the 2025 share plan in accordance with the current provisions of Chapter 17 of the listing rules, thereby giving the company greater flexibility in granting stock options or share rewards to eligible participants in the future.
JIANGSU EXPRESS (00177.HK) issued 0.5 billion yuan CSI Enterprise bond Index.
Glory Exchange reported on February 14 that JIANGSU EXPRESS (00177.HK) announced that the issuance work for the company's 2025 Bonds (Phase I) has concluded on February 13, 2025. The final issuance scale of this phase of Bonds is 0.5 billion yuan, with a coupon rate of 1.88% and a subscription multiple of 5.06 times.
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