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Shenzhen Investment Holdings Announces New Coastal Expressway Management Agreement

Story Highlights
  • Shenzhen Investment Holdings focuses on infrastructure development in Hong Kong.
  • The company announced a new agreement for managing the Coastal Expressway from 2025 to 2027.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shenzhen Investment Holdings Announces New Coastal Expressway Management Agreement

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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has shared an update.

Shenzhen Investment Holdings Bay Area Development Company Limited has announced a new agreement for the operation and maintenance of the Coastal Expressway (Shenzhen Section) from 2025 to 2027. This agreement, entered into with the Operation Development Company, is a continuing connected transaction under the Hong Kong Listing Rules. The arrangement is exempt from certain requirements due to the applicable percentage ratios, thus only subject to announcement and reporting obligations. This development ensures the continued smooth operation of the expressway, impacting the company’s operational stability and stakeholder interests.

More about Shenzhen Investment Holdings Bay Area Development Company

Shenzhen Investment Holdings Bay Area Development Company Limited is a company incorporated in the Cayman Islands, primarily involved in infrastructure development and management. It operates in the Hong Kong market with stock codes 737 (HKD counter) and 80737 (RMB counter).

Average Trading Volume: 139,528

Technical Sentiment Signal: Buy

Current Market Cap: HK$5.76B

For a thorough assessment of 0737 stock, go to TipRanks’ Stock Analysis page.

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