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The latest update is out from Shenzhen Expressway Co ( (HK:0548) ).
Shenzhen Expressway Co has announced the subscription of two structured deposit products, each worth RMB500 million, from Jiangsu Bank. These products, which are principal-guaranteed with floating returns, are part of the company’s financial strategy to manage its funds efficiently. The transactions, while exempt from certain reporting requirements for SZ Expressway, constitute a discloseable transaction for SZ International, highlighting the strategic financial maneuvers within the group to optimize returns and manage liquidity.
More about Shenzhen Expressway Co
Shenzhen Expressway Co, a subsidiary of SZ International, operates in the infrastructure sector, focusing on the development, operation, and management of toll highways and roads in China. The company is engaged in providing transportation infrastructure services, which are crucial for supporting economic activities and connectivity in the region.
Average Trading Volume: 2,331,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$25.42B
For a thorough assessment of 0548 stock, go to TipRanks’ Stock Analysis page.