Sichuan Expressway Co (HK:0107) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.