Jiangsu Expressway Delays Circular for 100% Acquisition of Suxichang South Expressway Co.

Bulletin Express
Sep 18

Jiangsu Expressway Company Limited announced a postponement in sending out the shareholder circular related to its planned cash acquisition of the entire equity of Suxichang South Expressway Company.

The circular—originally scheduled for distribution on or before 18 September 2026—will now be dispatched no later than 30 September 2026. The deferral is attributed to the need for additional preparation time, including finalising details of the acquisition, the independent financial adviser’s assessment, and the independent board committee’s recommendation.

No changes to transaction terms, consideration, or timeline for completion were disclosed in this announcement. The board reaffirmed its commitment to provide the required documentation within the revised timetable.

The notice was authorised by Chairman Wang Feng and issued from Nanjing, PRC, on 18 September 2026. The company’s board currently comprises one executive director, six non-executive directors, and six independent non-executive directors.

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