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Zhejiang Expressway Co ( (HK:0576) ) has provided an announcement.
Zhejiang Expressway has issued a supplemental announcement regarding proposed changes to its Articles of Association that will apply upon the listing of its A shares on the Shanghai Stock Exchange. The company clarified that certain previously proposed amendments, mainly involving the formal establishment and description of Communist Party and disciplinary inspection bodies within the Articles, will now be withdrawn.
The board said these withdrawn amendments are considered internal management adjustments and believes the decision remains in the interests of the company and all shareholders. All other amendments to the Articles of Association referenced in earlier shareholder materials will proceed as planned and, once approved at the extraordinary general meeting and class meetings, will take effect when the company’s A shares begin trading in Shanghai.
The most recent analyst rating on (HK:0576) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on Zhejiang Expressway Co stock, see the HK:0576 Stock Forecast page.
More about Zhejiang Expressway Co
Zhejiang Expressway Co., Ltd. is a PRC-incorporated joint stock company primarily engaged in the investment, construction, operation and management of expressways and related infrastructure in China. The company is listed in Hong Kong and is pursuing a listing of its A shares on the Shanghai Stock Exchange to broaden its investor base and tap onshore capital markets.
Average Trading Volume: 6,482,398
Current Market Cap: HK$45.1B
For a thorough assessment of 0576 stock, go to TipRanks’ Stock Analysis page.