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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
Be Wary Of Jiangsu Expressway (HKG:177) And Its Returns On CapitalNo Data
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