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Zhejiang Expressway Co ( (HK:0576) ) just unveiled an announcement.
Zhejiang Expressway Co announced the signing of two civil engineering agreements for the construction of sections TJ1 and TJ4 of the G92 Hangzhou Bay Roundabout Expressway. These agreements, involving connected transactions with Jiaogong Group and Jiaogong Luqiao, are significant as they represent ongoing infrastructure development projects that are expected to enhance the company’s operational capabilities and market presence in the expressway construction industry. The agreements are subject to certain reporting and review requirements under the Listing Rules, highlighting the regulatory compliance and strategic importance of these projects.
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 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 civil engineering sector, contributing to the expansion of major transportation routes in China.
Average Trading Volume: 6,746,683
Current Market Cap: HK$43.29B
For a thorough assessment of 0576 stock, go to TipRanks’ Stock Analysis page.