Claim 30% 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
Zhejiang Expressway Co ( (HK:0576) ) has shared an announcement.
Zhejiang Expressway Co has entered into a contract with a consortium led by Zhejiang Information to provide design and construction services for a digital scene support hardware and software project for its expressway route corridor. This transaction is classified as a connected transaction under the Listing Rules due to the involvement of a controlling shareholder’s subsidiary, necessitating reporting and announcement requirements but exempting it from independent shareholder approval.
More about Zhejiang Expressway Co
Zhejiang Expressway Co is a joint stock limited company incorporated in the People’s Republic of China, primarily focusing on the construction and operation of expressways. The company is involved in providing infrastructure services, with a market focus on enhancing transportation networks within the region.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$26.28B
See more insights into 0576 stock on TipRanks’ Stock Analysis page.