Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has shared an announcement.
Shenzhen Investment Holdings Bay Area Development Company’s project subsidiary GSZ Company has awarded Poly Changda a RMB1.45 billion contract, following an open tender via the Guangzhou Public Resources Trading Center, to undertake construction works for the SZ TJ2 section of the approved Shenzhen Road Section R&E Project. The deal qualifies as a major transaction under Hong Kong’s listing rules and, because Poly Changda is an associate of a substantial shareholder of GSZ Company, it is also treated as a connected transaction at the subsidiary level; however, the board, including independent non-executive directors, has deemed the terms fair, on normal commercial terms and in the ordinary course of business, and secured written approval from controlling shareholder SIIC, eliminating the need for a general meeting while the company prepares a circular with further details for shareholders, underscoring both regulatory compliance and continued capital commitment to its core road infrastructure business.
The most recent analyst rating on (HK:0737) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Shenzhen Investment Holdings Bay Area Development Company stock, see the HK:0737 Stock Forecast page.
More about Shenzhen Investment Holdings Bay Area Development Company
Shenzhen Investment Holdings Bay Area Development Company Limited is a Cayman Islands–incorporated infrastructure investment and development company focused on toll roads and related transportation projects in the Guangdong-Hong Kong-Macao Greater Bay Area. The group participates in constructing, operating and upgrading expressway and road assets, typically via project companies such as GSZ Company, and is listed in Hong Kong with HKD and RMB counters.
Average Trading Volume: 147,129
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.73B
See more data about 0737 stock on TipRanks’ Stock Analysis page.