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An announcement from Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) is now available.
Shenzhen Investment Holdings Bay Area Development Company has announced a revision to the annual cap for its continuing connected transactions related to the 2025 Coastal Expressway (Shenzhen Section) Maintenance Services Agreement. The Coastal Company, a subsidiary of the firm, entered into a Supplemental Agreement with the Engineering Development Company to increase the annual cap from approximately RMB22.96 million to RMB23.79 million for the year ending December 31, 2025. This change reflects the company’s anticipation that the existing cap would be insufficient to cover the required maintenance services. The revision is subject to reporting and announcement requirements under Chapter 14A of the Listing Rules but is exempt from circular and independent shareholders’ approval requirements.
More about Shenzhen Investment Holdings Bay Area Development Company
Average Trading Volume: 225,561
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.39B
For detailed information about 0737 stock, go to TipRanks’ Stock Analysis page.