Shenzhen Expressway Raises RMB4.7 Billion Through A Share Issuance

The latest update is out from Shenzhen Expressway Co ( (HK:0548) ).

Shenzhen Expressway Co has announced the issuance of 357,085,801 A Shares to specific targets, raising approximately RMB4.7 billion. The issuance aims to strengthen the company’s financial position and involves key subscribers such as XTC Company, Jiangsu Yunshan Capital Management, and Anhui Expressway. The shares are subject to lock-up periods, ensuring stability in the company’s shareholder structure and compliance with regulatory requirements.

More about Shenzhen Expressway Co

Shenzhen Expressway Co is a company involved in the infrastructure industry, primarily focusing on the development, operation, and management of toll roads and related businesses. It is a subsidiary of Shenzhen International, which holds a majority stake in the company.

YTD Price Performance: -5.85%

Average Trading Volume: 533

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $2.95B

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