Shenzhen Expressway Co (HK:0548) has released an update.
Shenzhen Expressway Corporation Limited has announced a reduction in the total proceeds to be raised from their issuance of A shares, from RMB 6.5 billion to approximately RMB 4.7 billion, with a significant decrease in funds allocated for repaying interest-bearing debts. This adjustment aligns with the specific mandate from shareholders and is part of a strategic move considering the actual situation of the company and market conditions. Shareholders are advised to review this change in conjunction with previous circulars for a comprehensive understanding.
For further insights into HK:0548 stock, check out TipRanks’ Stock Analysis page.
