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Shenzhen Expressway Co ( (HK:0548) ) has issued an update.
Shenzhen Expressway Co and its subsidiary, Shenzhen Investment Holdings Bay Area Development, have received approval from the China Securities Regulatory Commission to issue up to RMB2 billion in corporate bonds, known as Panda Bonds, to professional investors in the Chinese Mainland. The bonds, which may be issued in multiple tranches over 24 months, are proposed to be listed on the Shenzhen Stock Exchange, with the issuance terms subject to market conditions. This move could potentially enhance the company’s financial flexibility and strengthen its position in the infrastructure sector, though the issuance is not guaranteed to proceed.
More about Shenzhen Expressway Co
Shenzhen Expressway Co is a joint stock limited company incorporated in China, primarily engaged in the development and operation of expressways and related infrastructure projects. It is focused on enhancing transportation networks and infrastructure within the region, with a significant market presence in the Chinese Mainland.
Average Trading Volume: 2,398,930
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$25.99B
See more data about 0548 stock on TipRanks’ Stock Analysis page.