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Zhejiang Expressway Co ( (HK:0576) ) has provided an update.
Zhejiang Expressway Co., Ltd. has announced a change in its registered capital following the conversion of Euro230 million zero coupon convertible bonds due 2026. As a result, the company’s registered capital increased to RMB5,993,800,537, with the issuance of 302,527 new H Shares, reflecting the updated capital structure. The board has approved amendments to the Articles of Association to align with the new capital structure, impacting the company’s share distribution and potentially enhancing its financial and operational flexibility.
More about Zhejiang Expressway Co
Zhejiang Expressway Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the infrastructure sector, focusing primarily on expressway operations and development. The company is known for issuing convertible bonds and is listed on the Stock Exchange of Hong Kong.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$26.28B
See more data about 0576 stock on TipRanks’ Stock Analysis page.
