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The latest announcement is out from Shenzhen Expressway Co ( (HK:0548) ).
Shenzhen Expressway Co has announced the subscription of several structured deposit products from Jiangsu Bank, totaling RMB700 million. These transactions, completed over a series of phases, are considered discloseable under the Hong Kong Stock Exchange’s listing rules due to their aggregate value exceeding certain thresholds. The structured deposits are principal-guaranteed with floating returns, indicating a strategic financial move to manage the company’s liquidity and investment portfolio. This decision reflects the company’s ongoing efforts to optimize financial resources and maintain a strong market position in the infrastructure sector.
More about Shenzhen Expressway Co
Shenzhen Expressway Co is a joint stock limited company incorporated in the People’s Republic of China. The company primarily operates in the infrastructure sector, focusing on the development, operation, and management of toll highways and roads. It is listed on the Stock Exchange of Hong Kong and engages in various financial activities to support its operations.
Average Trading Volume: 2,676,780
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$25.92B
See more insights into 0548 stock on TipRanks’ Stock Analysis page.