Guangshen Railway Company (HK:0525) has released an update.
Guangshen Railway Company Limited has announced a partnership with Zhixin Real Estate for the comprehensive development of a railway land plot in Guangzhou, aiming to capitalize on urban renewal policies. This Framework Agreement, signed on September 27, 2024, does not require board or shareholder review and marks a significant step in utilizing real estate for strategic growth, with the cooperation objectives outlined in accordance with state and provincial guidelines.
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