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JIANGSU EXPRESS (00177.HK) held a Board of Directors meeting on March 26 to approve the annual performance.
On January 24, Gelonghui announced that JIANGSU EXPRESS (00177.HK) will hold a Board of Directors meeting on March 26, 2025 (Wednesday) at 9:30 AM in the company's conference room located at 6 Xianlin Avenue, Qixia District, Nanjing, Jiangsu Province, China, to approve the company's performance report for the year ending December 31, 2024, the dividend distribution plan, and to address other related matters.
JIANGSU EXPRESS: NOTIFICATION OF BOARD MEETING
GTJA: The Highway Industry has high dividend yields and stable cash flow, with policy optimization possibly accelerating developments.
It is expected that the high dividend policy will continue in the future, and investing in well-managed highway companies remains a preferred choice for dividends.
Jiangsu Expressway Issues 600 Million Yuan of Notes Due 2030
Jiangsu Expressway (00177.HK) invested an additional 0.109 billion RMB in the Wufeng Mountain Bridge.
Jiangsu Express (00177.HK) announced that an increase of 0.109 billion RMB will be made to the Wufeng Mountain Bridge according to the shareholding ratio. Upon completion, the total capital of the Wufeng Mountain Bridge will increase to 4.995 billion RMB, with the company's shareholding remaining at 64.5%.
JIANGSU EXPRESS (00177.HK) has increased its investment in Wufengshan Bridge Company by the same proportion.
On January 14, Gelonghui announced that Jiangsu Express (00177.HK) stated that, due to the rise in the prices of main materials, the investment for the northern and southern road connections of the Wufeng Mountain Cross-River Passage will increase by 383.9594 million yuan; additionally, due to the adjustment of land acquisition and demolition costs, the investment for the road section of the Wufeng Mountain Yangtze River Bridge will increase by 36.65 million yuan. 40% of the increased investment will be contributed by each funding party according to their respective shareholding ratios in Wufeng Mountain Bridge Company. Wufeng Mountain Bridge Company will increase its capital by 168.2438 million yuan, and its shareholders will invest according to their shareholding proportion, of which this company will bear 1 million yuan.