Shenzhen Expressway Raises RMB4.7 Billion Through A Share Issuance

Shenzhen International Holdings ( (HK:0152) ) just unveiled an update.

Shenzhen Expressway, a subsidiary of Shenzhen International Holdings, has announced the issuance of 357,085,801 A Shares to specific targets, raising approximately RMB4.7 billion. This strategic move is expected to strengthen Shenzhen Expressway’s financial position and enhance its market presence in the transportation infrastructure industry. The issuance includes shares subscribed by XTC Company, Jiangsu Yunshan Capital Management, and Anhui Expressway, with specific lock-up periods for the shares to ensure compliance with regulatory requirements.

More about Shenzhen International Holdings

Shenzhen International Holdings is a company involved in infrastructure and logistics, with a focus on the development and operation of toll roads and related businesses. It holds a significant stake in Shenzhen Expressway, which is a key player in the transportation infrastructure sector in China.

YTD Price Performance: 6.30%

Average Trading Volume: 1,999

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.34B

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