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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has issued an announcement.
Shenzhen Investment Holdings Bay Area Development Company Limited has announced a new agreement with Qizhen Engineering Company for repair services on the Coastal Expressway (Shenzhen Section) from 2025 to 2028. This agreement follows a competitive tendering process and is classified as a continuing connected transaction under Hong Kong’s Listing Rules. The arrangement exempts the company from certain regulatory requirements due to the percentage ratios involved, impacting the company’s operational focus on infrastructure maintenance and strengthening its market position in expressway management.
More about Shenzhen Investment Holdings Bay Area Development Company
Shenzhen Investment Holdings Bay Area Development Company Limited operates in the infrastructure sector, focusing on the development and maintenance of expressways and related services. The company is involved in projects that enhance transportation networks, particularly in the Shenzhen area, and is a subsidiary of Shenzhen Expressway, which holds a significant share of its issued stock.
Average Trading Volume: 146,090
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.76B
For a thorough assessment of 0737 stock, go to TipRanks’ Stock Analysis page.