Zhejiang Expressway Co (DE:ZHJ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Zhejiang Expressway Co has announced the signing of both a Building Construction Agreement and a Civil Engineering Agreement with connected subsidiaries of its controlling shareholder, Communications Group, for the reconstruction and expansion of the Ningbo-Jinhua Expressway. The Building Construction deal spans 43 months, while the Civil Engineering contract includes 39 months of construction work followed by 120 months of maintenance. These transactions fall under the reporting and announcement requirements of the Listing Rules due to their percentage ratios, but do not require independent shareholder approval.
For further insights into DE:ZHJ stock, check out TipRanks’ Stock Analysis page.