HKG:0177

Jiangsu Expressway to Issue 590 Million Yuan in 261-Day Bonds

Jiangsu Expressway (SHA:600377, HKG:0177) will issue 590 million yuan in 261-day bonds, according to a Thursday filing with the Shanghai bourse.The bonds have an issuance rate of 1.41% and form part of a 4-billion-yuan bond program.CITIC Bank (HKG:0998, SHA:601998) is the bookkeeping manager and lead underwriter, while Jiangsu Bank is the joint lead underwriter.Shares rose 2% in Shanghai during morning trading on Thursday.

GF Securities Starts Jiangsu Expressway at Accumulate With HK$12.38 Price Target

Jiangsu Expressway to Inject 500 Million Yuan Into Zijin Trust

Jiangsu Expressway (HKG:0177, SHA:600377) signed an agreement to invest 500 million yuan in a capital increase by Zijin Trust, according to a Wednesday Hong Kong bourse filing.The company will participate in the 2.5 billion yuan capital raising alongside existing shareholders of Zijin Trust, including Nanjing Zijin Investment Group, Sumitomo Mitsui Trust Bank, and Nanjing New Industrial Investment Group.Following the capital increase, Jiangsu Expressway's stake in Zijin Trust will remain unchanged at 20%.

Jiangsu Expressway's Q1 Profit Jumps 13%

Jiangsu Expressway (HKG:0177, SHA:600377) recorded 1.37 billion yuan in attributable profit for the first quarter of 2026, up 13% from 1.21 billion yuan a year earlier, according to a Hong Kong bourse filing Thursday.Earnings per share were 0.2711 yuan, compared with 0.2404 yuan in the prior-year period.The expressway company's operating income fell 5.3% year on year to 4.53 billion yuan, figures showed.In a separate filing, the firm said it agreed to participate in Zijin Trust Co.'s 2.5 billion yuan capital raise.Jiangsu Expressway would invest 500 million yuan to continue maintaining its 20% ownership in the fund, the filing stated.

Jiangsu Expressway Issues 700 Million Yuan in Ultra-Short-Term Commercial Paper

Jiangsu Expressway (HKG:0177, SHA:600377) issued ultra-short-term commercial paper worth 700 million yuan, according to a Shanghai bourse filing on Thursday.The bonds have an interest rate of 1.42% and a term of 269 days, maturing Jan. 9, 2027.Bank of China (SHA:601988, HKG:3988) is the lead underwriter of the issuance.