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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has provided an announcement.
Shenzhen Investment Holdings Bay Area Development’s deemed subsidiary GSZ Company has awarded Poly Changda the LG TJ1 Section construction contract for the Luogang Interchange Reconstruction Project through an open tender conducted via the Guangzhou Public Resources Trading Center, at a contract price of RMB775.2 million for a 2.456 km road section involving roadbed, pavement, bridges, tunnels and associated utility relocation over a 42‑month construction period. As the deal size triggers discloseable and connected transaction thresholds under the Hong Kong Listing Rules, the company has clarified that, although Poly Changda is an associate of a substantial shareholder and thus a connected party at the subsidiary level, the board (including independent non-executive directors) considers the terms fair, on normal commercial terms and in the ordinary course of business, meaning the transaction is subject only to reporting and announcement requirements without needing independent shareholder approval, which underscores management’s confidence in the project’s strategic fit and governance compliance.
The most recent analyst rating on (HK:0737) stock is a Hold 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 an infrastructure-focused developer and operator, with its GSZ Company subsidiary engaged in expressway and related transport projects in the Guangdong–Hong Kong–Macao Greater Bay Area, including reconstruction and expansion works for key highway interchanges and corridors.
YTD Price Performance: 12.11%
Average Trading Volume: 135,009
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.76B
For an in-depth examination of 0737 stock, go to TipRanks’ Overview page.