Shenzhen International Holdings (HK:0152) has released an update.
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Shenzhen Expressway Corporation Limited, a subsidiary of Shenzhen International Holdings, has announced a reduction in the total proceeds expected from the issuance of A shares, bringing the figure down from RMB 6.5 billion to RMB 4.9 billion, and further to RMB 4,702.82 million. This adjustment also includes a decrease in the amount allocated for repaying interest-bearing debts. The modifications are within the previously granted Specific Mandate from shareholders and are part of the board’s strategy to adapt to the current market environment and company’s situation.
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