Zhejiang Expressway Co (DE:ZHJ) has released an update.
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Zhejiang Expressway Co has announced new Entrusted Management Agreements with multiple connected subsidiaries and branch companies of the Communications Group to oversee operations of six major expressway and channel projects. These transactions, which do not require independent shareholder approval, are significant due to their connection with the controlling shareholder, Communications Group, and are subject to reporting and annual review as per Listing Rules. The company will manage crucial infrastructure including expressways and channels, capitalizing on its operational expertise to potentially enhance efficiency and profitability.
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