Jiangsu Expressway Updates on Luode Huizhi Fund Investment and Extends Fund Term
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Jiangsu Expressway Co has announced an investment of RMB500 million into the Nanjing Luode Huizhi Equity Investment Partnership, extending the fund's term to August 3, 2030. This extension aims to facilitate the exit of existing projects and protect investment returns. The fund has invested in 10 projects, with 4 exited and 6 remaining, generating cash returns. The latest analyst rating for Jiangsu Expressway (HK:0177) is a Hold with a price target of HK$11.50. The company focuses on expressway investment and infrastructure management in Jiangsu province.
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