Jiayou International Logistics' Unit Signs $57 Million Contract for Port, Road Upgrade in Zambia; Shares Jump 7%

MT NewswiresNov 19 13:46

Stock market anomaly | With the new signing of a franchise project, jiayou international logistics surged more than 6%, and the market cap returned to 20 billion yuan.

Gelonghui November 19th | Jiayou International Logistics (603871.SH) rose more than 6%, reaching 20.38 yuan, with a total market value returning to 20 billion yuan. The company announced yesterday after trading hours that its wholly-owned subsidiary, Zhong Fei International's holding subsidiary JASWORLD PORT LIMITED, is investing in, constructing, and operating the upgrade and renovation project from Mofuli to Mukumbura in Zambia for a concession period of 22 years. The total investment in this project is $56.6569 million. (Gelonghui)

Gelonghui FinanceNov 19 10:30

Jiayou international logistics (603871.SH): plans to invest in the renovation and upgrade project of the Mukambo port and the road from Mufulira to Mukambo.

On November 18, Gelonghui reported that jiayou international logistics (603871.SH) announced that to further expand the cross-border logistics transportation channel in Zambia's copper-cobalt mining belt, its wholly-owned subsidiary, China-Africa International Logistics Investment Co., Ltd. (referred to as "China-Africa International"), and its holding subsidiary JAS WORLD PORT LIMITED signed the "Design, Financing, Construction, and Operation Concession Contract for the Mokambo Port and the Road from Mufulira to Mokambo" (referred to as "Concession Contract" or "this contract") with the Zambian Ministry of Finance and National Planning, the Road Development Agency, and the Ministry of Commerce, Trade and Industry.

Gelonghui FinanceNov 18 17:15

Express News | jiayou international logistics: investing $56.6569 million to build a road project in Zambia.

BreakingsNov 18 17:12

Mongolian Mining to Continue Supplying Coal to Jiayou International Logistics Unit

MT NewswiresNov 6 11:57

Jiayou International Logistics (603871.SH) signed a long-term cooperation agreement with MMC (00975) to expand the cooperation scale in areas such as coal procurement.

jiayou international logistics (603871.SH) announced that on November 5, 2024, the company signed an agreement with Mongolia...

Zhitong FinanceNov 5 19:41