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Zhejiang Expressway Co ( (HK:0576) ) has provided an announcement.
Zhejiang Expressway Co has entered into a Preliminary Agreement with Ningbo Zhoushan Port and other regional partners to invest in the construction of the Ningbo Qijiashan to Zhoushan Jintang Section of the G92 Hangzhou Bay Roundabout Expressway. The total estimated investment for the project is approximately RMB15,985 million, with Zhejiang Expressway Co contributing 51% of the Project Capital. This strategic investment aims to bolster the company’s infrastructure portfolio and enhance its market position in the transportation sector. The transaction is classified as a discloseable transaction under the Hong Kong Listing Rules, requiring reporting and announcement but exempt from circular and 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 engaged in the construction and operation of expressways. The company focuses on infrastructure development, particularly in the transportation sector, and collaborates with various regional entities to enhance connectivity and transportation efficiency.
Technical Sentiment Signal: Sell
Current Market Cap: HK$26.28B
See more data about 0576 stock on TipRanks’ Stock Analysis page.