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SHA:600377

13 stories mentioning SHA:600377Updated 11d ago

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Treasury

Jiangsu Expressway Issues Medium-Term Bonds Worth 1.5 Billion Yuan

Jiangsu Expressway (SHA:600377, HKG:0177) issued two tranches of medium-term bonds totaling 1.5 billion yuan, according to a Shanghai bourse filing on Thursday.The first tranche amounted to 500 million yuan, has an interest rate of 1.54% and a term of three years, maturing Sept. 1, 2029.The second tranche is worth 1 billion yuan, has an interest rate of 1.62% and a term of five years, maturing Sept. 2, 2031.

HKG:0177SHA:600377
Asia

Jiangsu Expressway Enters 20 Related-Party Agreements

Jiangsu Expressway (SHA:600377, HKG:0177) entered 20 related-party agreements, according to a Friday filing with the Hong Kong bourse.The transactions include expressway maintenance, construction projects, service area leasing, property management, technology services and entrusted management operations.The largest of these were with Yangtze Bridge and related parties at 198.6 million yuan and with Xiandai R&B for 162.7 million yuan.Shares of the expressway company rose 2% on the Hong Kong and Shanghai bourses on Friday.

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Asia

Jiangsu Expressway to Inject 600 Million Yuan Into Clean Energy Unit

Jiangsu Expressway Company (HKG:0177, SHA:600377) plans to inject 600 million yuan into its wholly owned subsidiary, Jiangsu Yunshan Green Energy Investment, over five years to support clean energy projects, according to a Thursday Hong Kong bourse filing.About 40 million yuan is expected to be contributed in 2026, bringing the subsidiary's registered capital from 2 billion yuan to 2.6 billion yuan.The funds will be used for fishery-solar and crab-farming-solar projects, transportation-energy integration, wind power capacity expansion, research and development, and working capital, according to a Friday bourse filing.Jiangsu Expressway will retain its 100% stake in the subsidiary.

HKG:0177SHA:600377
Asia

Jiangsu Expressway's Profit Edges Up 3% in H1

Jiangsu Expressway Company (HKG:0177, SHA:600377) posted net profit attributable to shareholders of 2.50 billion yuan for the first half of 2026, up 3.4% from 2.42 billion yuan a year earlier.Earnings per share stood at 0.4969 yuan, compared with 0.4811 yuan in the year-ago period.Operating revenue decreased 1.2% year over year to 9.29 billion yuan from 9.41 billion yuan.

HKG:0177SHA:600377
Asia

Jiangsu Expressway to Purchase Expressway Operator for 7.34 Billion Yuan

Jiangsu Expressway (SHA:600377, HKG:0177) will purchase a 100% stake in the Jiangsu Suzhou-Wuxi-Changzhou Southern Expressway from three parties for 7.34 billion yuan, according to a Friday filing with the Shanghai bourse.Jiangsu Transportation Holding will sell its 65% stake in the highway operator, while Wuxi Transportation will transfer its 22.82% stake, and Changzhou Transportation Holding will sell its 12.18% stake.

HKG:0177SHA:600377
Asia

Jiangsu Expressway to Acquire Suxichang South Expressway Operator

Jiangsu Expressway (HKG:0177, SHA:600377) plans to acquire the entire equity interest in Jiangsu Suxichang South Expressway for 7.34 billion yuan in cash, according to a Friday Hong Kong bourse filing.The company will acquire a 65% stake from the controlling shareholder, Jiangsu Communications, for 4.77 billion yuan.It will also acquire a 22.8% stake from Wuxi Transportation Industry for 1.68 billion yuan, and the remaining from Changzhou Communications for 894.3 million yuan.The acquisition aims to expand Jiangsu Expressway's asset base in southern Jiangsu, improve its asset portfolio, and strengthen its core toll-road business.The transaction will be financed using the company's own funds.Suxichang South Expressway Company operates the roughly 43.9-kilometer Suxichang South Expressway, which includes the Taihu Tunnel, described in the filing as China's longest and widest underwater tunnel.

HKG:0177SHA:600377
Treasury

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.

HKG:0177SHA:600377
Treasury

Jiangsu Expressway Raised 590 Million Yuan Via 261-Day Note Issue

Jiangsu Expressway (SHA:600377) raised 590 million yuan through the issue of 261-day notes at an interest rate of 1.42%.The notes are due April 2027, according to a Thursday filing with the Shanghai bourse.China Construction Bank served as the lead underwriter, with Bank of Nanjing as co-lead.Shares of the expressway operator fell 1% in recent trade.

SHA:600377
Research

GF Securities Starts Jiangsu Expressway at Accumulate With 13.42 Yuan Price Target

Jiangsu Expressway (SHA:600377) has an average rating of overweight and mean price target of 13.66 yuan, according to analysts polled by FactSet.

SHA:600377
Asia

Jiangsu Expressway Issues 800 Million Yuan in Debt Securities; Shares Down 3%

Jiangsu Expressway (SHA:600377) issued two debt instruments totaling 800 million yuan, according to filings with the Shanghai bourseThe company issued 450 million yuan of 268-day commercial paper carrying a coupon rate of 1.38% and 350 million yuan of three-year medium-term notes with a coupon rate of 1.55%.China Everbright Bank served as lead underwriter for the commercial paper issuance, while China Construction Bank acted as lead underwriter for the medium-term notes.Shares of the expressway company fell 3% in recent trade.

SHA:600377
Asia

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%.

HKG:0177SHA:600377
Asia

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.

HKG:0177SHA:600377
Asia

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.

HKG:0177HKG:3988SHA:600377SHA:601988

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