JIANGSU EXPRESS to Inject 128 Million Yuan in Additional Capital into Danjin Company

Stock News

Apr 22

JIANGSU EXPRESS (00177) announced that on April 22, 2026, the company entered into a capital contribution agreement with several partners to jointly invest in Jiangsu Danjin Expressway Co., Ltd. (Danjin Company). The agreement involves a cash capital increase into Danjin Company, with JIANGSU EXPRESS contributing 128 million yuan and the other investors collectively contributing 459 million yuan. All parties agreed that the new investors would subscribe to Danjin Company's registered capital at the same terms as the existing shareholders, at a rate of 1 yuan per unit of registered capital. Following the capital injection, Danjin Company's registered capital will increase by 587 million yuan. JIANGSU EXPRESS's stake in Danjin Company will decrease from approximately 74.5998% to about 69.2845%, though Danjin Company will remain a subsidiary under the company's control. The Danjin project is a key component of the expressway network in southern Jiangsu. Its successful implementation is expected to strengthen JIANGSU EXPRESS's leading position in the regional expressway network. By introducing social capital, the move will help provide necessary funding for the Danjin project while reducing the company's own capital expenditure requirements.

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