Zhejiang Expressway Advances A-Share Listing and Finalises Share-Swap Merger Plan
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Zhejiang Expressway Co. has approved a new draft Articles of Association to comply with PRC laws as it prepares for its A-share listing on the Shanghai Stock Exchange. The company is also advancing its merger with Zhejiang Oceanking Development Co. through a share swap, which will consolidate Oceanking into its structure. This transaction is expected to support Zhejiang Expressway's strategic objectives related to the A-share listing. The latest analyst rating for the stock is a Buy with a price target of HK$7.50.
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