Zhejiang Expressway Co (HK:0576) has released an update.
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Zhejiang Expressway Co has entered into significant contracts with Zhejiang Information for the upgrade and renovation of electromechanical systems on its expressways, as well as for the maintenance of illuminated signboards on the Shanghai-Hangzhou-Ningbo Expressway. These transactions, categorized as connected transactions under Hong Kong’s Listing Rules, reflect strategic enhancements aimed at improving infrastructure efficiency. The deals are subject to reporting and announcement requirements but do not require independent shareholders’ approval.
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