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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has issued an announcement.
Shenzhen Investment Holdings Bay Area Development Company, along with its related entities, has announced a significant capital contribution to GSZ Company, with Hopewell China Development and Guangdong Highway Construction agreeing to invest RMB3,285 million and RMB4,015 million, respectively. This strategic move is expected to enhance the company’s market position by expanding its equity interests in GSZ Company, ultimately strengthening its influence in the regional infrastructure landscape. The transaction has been structured to comply with the relevant listing rules, reflecting the company’s commitment to transparency and shareholder value. The capital increase is considered a major transaction, necessitating shareholder approval, which has been obtained from the controlling shareholder, ensuring no need for a general meeting.
More about Shenzhen Investment Holdings Bay Area Development Company
Shenzhen Investment Holdings Bay Area Development Company operates in the infrastructure and investment sector, focusing predominantly on highway development and management in the Greater Bay Area of China. It is a subsidiary of Shenzhen Expressway, which is partly owned by Shenzhen International, emphasizing its strategic importance within the transportation and infrastructure development industry in China.
YTD Price Performance: 0.45%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $720.1M
For a thorough assessment of 0737 stock, go to TipRanks’ Stock Analysis page.
