Zhejiang Expressway Co Engages in Digital Infrastructure Project

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

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