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Huitong Construction Consortium Wins 1.4-Billion-Yuan Bdd for Cangzhou City Expressway
Huitong Group (603176.SH) consortium won the bid for the 13.689 billion yuan Quangang Expressway project from Jing Tai Expressway to Huanghua Port.
Huitong Group (603176.SH) announced that recently, the company signed an agreement with Cangzhou Transportation Development (Group) Co., Ltd. (...)
Huitong Group (603176.SH): Consortium pre-won the bidding for the Qugang Expressway Jingtai Expressway to Huanghua Port section project.
On November 15, 2023, Gelonghui announced that the Hebei Provincial Bidding and Tendering Public Service Platform released the "Announcement of the Candidate Bidders for the Investment in the Section of the Qu港 Expressway from the Beijing-Taipei Expressway to Huanghua Port" on November 15, 2024. The company, together with Cangzhou Traffic Development (Group) Co., Ltd., Xingtai Bridge Construction Group Co., Ltd., Guangxi Road Construction Engineering Group Co., Ltd., Guizhou Bridge Construction Group Co., Ltd., China Communications Second Public Bureau Sixth Engineering Co., Ltd., Xingtai Road and Bridge Construction Engineering Co., Ltd., Cangzhou Road and Bridge Construction Group Co., Ltd., and China Railway Twenty Bureau Group Co., Ltd.,
Huitong Group (603176.SH): The company's ongoing PPP projects are not yet completed, with continued investment in the third quarter, resulting in negative cash flow from investments.
Gelonghui November 12th | Huitong Group (603176.SH) stated at the performance briefing that the company's under-construction PPP projects are not yet completed, and investments in the third quarter are ongoing, resulting in a negative cash flow. The conversion period for 'Hui Tong Convertible Bonds' is from June 21, 2023 to December 14, 2028, and is currently in the conversion period. In the future, the company will continue to focus on its core business, continuously improve its operational performance and enterprise value, striving to reward investors with excellent performance. The government's trillion-yuan debt-to-equity project aims to develop local economies, improve local financial conditions, and the company will always monitor project developments, enhancing the company's operations.
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