Zhejiang Expressway Forms Connected Joint Venture for Low-Altitude Infrastructure
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Zhejiang Expressway Co has formed a joint venture with Technology Research Institute and Zhejiang Information and Commercial Group to focus on low-altitude infrastructure. This move diversifies the company beyond traditional expressways. The transaction is classified as a connected deal under Hong Kong listing rules, requiring reporting but exempt from independent shareholder approval. The latest analyst rating for Zhejiang Expressway Co (HK:0576) is a Buy with a price target of HK$7.50. The company operates primarily in transportation infrastructure in Zhejiang province, with a market cap of HK$46.67B.
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