Zhejiang Expressway Co (HK:0576) has released an update.
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Zhejiang Expressway Co’s subsidiary, LongLiLiLong Co, has signed maintenance contracts with Zhejiang Commercial and Zhejiang Shunchang for the renovation of the external pipe network in service areas. These transactions are classified as connected transactions under Hong Kong’s Listing Rules, requiring reporting but not independent shareholder approval. The agreement highlights the company’s strategic approach to infrastructure management through collaboration with affiliated entities.
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