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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.