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Zhejiang Expressway Co ( (HK:0576) ) just unveiled an announcement.
Zhejiang Expressway Co., Ltd. has issued a supplemental announcement regarding its continuing connected transactions framework agreements. The company has set annual caps for transactions with various subsidiaries and connected entities, including Zhejiang Information, Zhejiang Expressway Trading, Zhejiang Jiaoke Supply Chain, ZJIC, Maintenance Co, Zhejiang Shunchang, and Jiaogong Maintenance. These caps are based on historical service fees and estimated future needs for projects like transportation infrastructure digitalization and expressway construction, indicating a strategic move to enhance operational efficiency and market competitiveness.
More about Zhejiang Expressway Co
Zhejiang Expressway Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the transportation infrastructure sector, focusing on expressway development and management. It is involved in digitalization projects and has a market focus on enhancing transportation infrastructure through technological advancements.
Technical Sentiment Signal: Sell
Current Market Cap: HK$26.28B
For an in-depth examination of 0576 stock, go to TipRanks’ Stock Analysis page.