Zhejiang Expressway Co (HK:0576) has released an update.
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Zhejiang Expressway Co’s subsidiary, Zhajiasu Co, has signed a significant construction agreement with Jiaogong Jinzhu and Jiaogong Underground Construction to expand and reconstruct the Nanhu Interchange section of the Zhajiasu Expressway. This major infrastructure project, valued at approximately RMB1.97 billion, spans 39 months and includes extensive maintenance work. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring reporting and annual reviews.
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