Jiangsu Expressway Boosts Capital in Danjin Subsidiary to Advance Fuli Expressway Project
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Jiangsu Expressway Co. has approved a cash capital injection of RMB128.18 million into its subsidiary, Jiangsu Danjin Expressway Co., for the Fuli Expressway project. This increases Danjin's registered capital to RMB5.83 billion, with additional contributions from construction contractors. The capital increase follows a previous RMB2.64 billion injection and is not classified as a related party transaction. This move supports Jiangsu Expressway's toll road portfolio and aligns with local transport development plans. The current analyst rating for Jiangsu Expressway stock is a Hold with a price target of HK$10.20.
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