Anhui Expressway (HKG:0995, SHA:600012) has awarded a series of electromechanical retrofit and maintenance contracts worth up to 32.3 million yuan to a consortium linked to its controlling shareholder, Anhui Transportation, according to an Oct. 10 Hong Kong bourse filing.
Shares of the firm were up over 2% in Monday morning trade.
The contracts cover six retrofit projects and two system maintenance deals, awarded through open tender and funded from internal resources, the filing said.
The consortium includes Anhui Transport Consulting & Design Institute, ATEGC, and Anhui Transportation Information Industry.