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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.