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Shenzhen Investment Holdings Delays Circular Despatch for Steel Fabrication Agreement

Story Highlights
  • Shenzhen Investment Holdings delays circular related to major steel fabrication transaction.
  • The company received a Stock Exchange waiver, extending the deadline to 25 February 2025.
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Shenzhen Investment Holdings Delays Circular Despatch for Steel Fabrication Agreement

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

Shenzhen Investment Holdings Bay Area Development Company has announced a delay in the despatch of a circular related to its major transaction involving the Structural Steel Fabrication Agreement (G2 Bid Section). The delay is due to the additional time required for preparing certain information, including a letter regarding the sufficiency of working capital. The company has received a waiver from the Stock Exchange to extend the deadline for the circular’s despatch to 25 February 2025. This extension may impact the company’s compliance timeline and requires shareholder and investor attention as it remains subject to potential changes.

More about Shenzhen Investment Holdings Bay Area Development Company

Average Trading Volume: 200

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $743.7M

Learn more about 0737 stock on TipRanks’ Stock Analysis page.

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