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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has provided an announcement.
Shenzhen Investment Holdings Bay Area Development Company has entered into significant transactions for structural steel fabrication, focusing on infrastructure development. These agreements involve Jiangsu Huning and China Railway Shanhaiguan Bridge for bridge construction as part of an Approved Road Section R&E Project. The company has announced the signing of two major structural steel fabrication agreements, valued at RMB553 million and RMB875 million respectively, following a competitive tendering process. The transactions are classified under different listing rules, requiring disclosure and shareholder approval due to their financial magnitude and association with connected parties, impacting the company’s compliance and reporting obligations.
More about Shenzhen Investment Holdings Bay Area Development Company
YTD Price Performance: 0.45%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $724.1M
Find detailed analytics on 0737 stock on TipRanks’ Stock Analysis page.