Anhui Expressway Enters Construction Services Deal With Controlling Shareholder

MT Newswires Live

Jul 09

Anhui Expressway (HKG:0995, SHA:600012) entered into a framework agreement with its controlling shareholder, Anhui Transportation, for construction and related services, according to a Hong Kong bourse filing on Wednesday.

The agreement covers expressway construction, maintenance, engineering supervision, technical consulting, design, testing, and equipment procurement for three years after it takes effect.

The company proposed annual caps of 264 million yuan for construction services and 430 million yuan for other services from the effective date through the end of 2026.

The caps will rise to 1.09 billion yuan and 1.23 billion yuan, respectively, in 2027.

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