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Shenzhen Expressway Co Invests in Structured Deposit Products to Enhance Financial Returns

Story Highlights
  • Shenzhen Expressway Co has subscribed to two structured deposit products from BOCOM.
  • These transactions are discloseable under Hong Kong Listing Rules, requiring reporting but not shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shenzhen Expressway Co Invests in Structured Deposit Products to Enhance Financial Returns

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Shenzhen Expressway Co ( (HK:0548) ) just unveiled an update.

Shenzhen Expressway Co has announced the subscription of two structured deposit products from the Bank of Communications (BOCOM), with a total investment of RMB1.6 billion. These transactions are classified as discloseable under the Hong Kong Listing Rules, requiring reporting and announcement but exempting shareholder approval. This strategic financial move is aimed at optimizing the company’s asset management and enhancing its financial returns, reflecting a proactive approach to managing its financial resources.

More about Shenzhen Expressway Co

Shenzhen Expressway Co is a company operating in the infrastructure and transportation sector, primarily focusing on the development and management of expressways. It is a subsidiary of SZ International, which holds approximately 47.30% of its shares.

YTD Price Performance: -7.24%

Average Trading Volume: 2,906,616

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$25.64B

For detailed information about 0548 stock, go to TipRanks’ Stock Analysis page.

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