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The latest announcement is out from Zhejiang Expressway Co ( (HK:0576) ).
Zhejiang Expressway Co has announced new contracts for digital transformation and intelligent upgrading projects, focusing on expressway infrastructure and toll station enhancements. These projects, undertaken by its subsidiary Zhijiang Intelligent Communications, involve collaborations with HangNing Co and other connected entities, requiring compliance with Hong Kong’s Listing Rules due to their status as connected transactions. The company aims to improve the efficiency and technological capabilities of its expressway operations through these initiatives, potentially impacting its market position by enhancing operational capabilities.
More about Zhejiang Expressway Co
Zhejiang Expressway Co is a company involved in the infrastructure and expressway industry, focusing on digital transformation and technological upgrades. The company provides services related to the development of software for monitoring toll station congestion and cargo transportation, as well as the intelligent upgrading of expressway infrastructure.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$26.28B
Learn more about 0576 stock on TipRanks’ Stock Analysis page.
