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Zhejiang Expressway Co ( (HK:0576) ) has issued an update.
Zhejiang Expressway Co has entered into a New Financial Services Agreement with Zhejiang Communications Investment Group Finance Co., Ltd., renewing the terms of the previous agreement for a three-year period starting March 30, 2025. This agreement covers deposit, loan, clearing, and other financial services, including a credit facility of no less than RMB3 billion and a maximum daily deposit balance of RMB1.5 billion. The transactions are categorized as continuing connected transactions under the Listing Rules, with certain services exempt from independent shareholders’ approval due to favorable terms and compliance with specified thresholds.
More about Zhejiang Expressway Co
Zhejiang Expressway Co is a joint stock limited company incorporated in the People’s Republic of China, operating in the transportation infrastructure industry. The company is primarily involved in expressway-related businesses including construction, operation, and maintenance of expressways, with a focus on enhancing transportation networks and services.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$26.28B
For detailed information about 0576 stock, go to TipRanks’ Stock Analysis page.
