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Shenzhen Expressway Co ( (HK:0548) ) has provided an update.
Shenzhen Expressway Co, along with its subsidiaries, has announced a capital contribution to GSZ Company, with Hopewell China Development and Guangdong Highway Construction contributing RMB3,285 million and RMB4,015 million, respectively. This move is part of a strategic transaction that positions Bay Area Development, a company under Shenzhen Expressway, to hold significant equity interest in GSZ Company, thereby potentially enhancing its market presence and aligning with its long-term growth strategy. The transaction is categorized as both a discloseable and connected transaction under the relevant Listing Rules, indicating compliance and transparency in the process.
More about Shenzhen Expressway Co
Shenzhen Expressway Co is a subsidiary of Shenzhen International, primarily focusing on infrastructure and development projects, specifically in the construction and management of expressways within the Bay Area in China.
YTD Price Performance: -4.26%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.11B
For an in-depth examination of 0548 stock, go to TipRanks’ Stock Analysis page.
