Sichuan Expressway Co (HK:0107) has released an update.
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Sichuan Expressway Co has successfully subscribed to units in the Infrastructure Fund managed by CM Fund, securing 28.55 million shares for roughly RMB199.62 million. This strategic investment marks a significant move as the fund has been approved by the China Securities Regulatory Commission, with a lock-up period of 12 months post-listing on the SZSE. CM Fund, known for its vast experience in managing investment funds, will oversee this venture.
For further insights into HK:0107 stock, check out TipRanks’ Stock Analysis page.
