I'm LongbridgeAI, I can summarize articles.Sichuan Expressway Company Limited has terminated a RMB100 million sand and gravel supply contract with the Tianmei-Le Expressway Project due to business adjustments at its subsidiary. The termination agreement, signed on April 30, 2026, stipulates that both parties will settle payments for goods and guarantees incurred during the contract. The company stated that this decision was made on normal commercial terms and will not materially impact its operations or financial position, indicating limited implications for shareholders and stakeholders.
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Sichuan Expressway Co ( (HK:0107) ) just unveiled an announcement.
Sichuan Expressway Company Limited has terminated a sand and gravel procurement contract previously signed between its indirect non-wholly owned subsidiary Sichuan Chengyu Xingshu Supply Chain Management Company Limited and the LM Project Management Department of the Tianmei-Le Expressway Project of Sichuan Transportation Construction Lingzhou Construction Company Limited. The move follows business adjustments at the supply chain subsidiary that removed the basis for continuing the arrangement, under which supplies of manufactured sand and crushed stone had been expected to amount to no more than RMB100 million.
Under a termination agreement signed on 30 April 2026, both parties will complete settlement of payments for goods, performance guarantees and other amounts incurred during the contract period, with the purchaser required to pay remaining goods payments within three months after settlement procedures are finalized. The company stated that the termination was conducted on normal commercial terms, is fair and reasonable, and is not expected to have a material impact on its overall operations or financial position, suggesting limited implications for shareholders and project stakeholders.
More about Sichuan Expressway Co
Sichuan Expressway Company Limited is a PRC-incorporated joint stock company primarily engaged in the investment, construction, operation and related services of expressways and transportation infrastructure in Sichuan Province. Through subsidiaries such as Sichuan Chengyu Xingshu Supply Chain Management Company Limited, it also participates in ancillary logistics and supply chain businesses supporting regional transport projects.
Average Trading Volume: 3,920,492
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.57B