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Shenzhen International’s SZ Expressway Subscribes to RMB1.6 Billion Structured Deposits

Story Highlights
  • Shenzhen International’s SZ Expressway subscribed to structured deposits totaling RMB1.6 billion.
  • The transactions are discloseable under listing rules, requiring reporting but not shareholder approval.
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Shenzhen International’s SZ Expressway Subscribes to RMB1.6 Billion Structured Deposits

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Shenzhen International Holdings ( (HK:0152) ) just unveiled an update.

Shenzhen International Holdings, through its subsidiary SZ Expressway, has announced the subscription of two structured deposit products from the Bank of Communications, totaling RMB1.6 billion. These transactions, completed within a short timeframe, have been classified as discloseable under the Hong Kong Stock Exchange’s Listing Rules due to their aggregate size, necessitating reporting and announcement requirements but exempting them from shareholder approval. This move reflects SZ Expressway’s strategic financial management, potentially impacting its liquidity and investment portfolio.

More about Shenzhen International Holdings

Shenzhen International Holdings operates in the infrastructure sector, primarily focusing on investments and operations in logistics and transportation infrastructure, including expressways and related services. The company is known for its strategic market positioning within China’s rapidly expanding infrastructure landscape.

YTD Price Performance: 13.42%

Average Trading Volume: 5,082,727

Technical Sentiment Signal: Buy

Current Market Cap: HK$18.57B

Learn more about 0152 stock on TipRanks’ Stock Analysis page.

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