Zhejiang Expressway Co (HK:0576) has released an update.
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Zhejiang Expressway Co has entered into new contracts for road infrastructure upgrades and photovoltaic power station construction, partnering with subsidiaries of their controlling shareholder, Communications Group. These transactions are classified as connected transactions under Hong Kong’s Listing Rules, requiring reporting and announcement due to their financial impact. This strategic move could enhance the company’s infrastructure capabilities and energy sustainability efforts.
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