---
title: "Zhejiang Expressway Forms Connected Joint Venture for Low-Altitude Infrastructure"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283864389.md"
description: "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."
datetime: "2026-04-23T15:08:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283864389.md)
  - [en](https://longbridge.com/en/news/283864389.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283864389.md)
---

# Zhejiang Expressway Forms Connected Joint Venture for Low-Altitude Infrastructure

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The latest announcement is out from Zhejiang Expressway Co ( (HK:0576) ).

Zhejiang Expressway Co has signed a cooperation agreement with Technology Research Institute, ZJIC, Zhejiang Information and Commercial Group to form a new joint venture focused on low-altitude infrastructure. The venture will invest in, build and operate facilities supporting low-altitude applications, signalling the company’s move to diversify beyond traditional expressways into emerging infrastructure segments.

Because all partners are subsidiaries of the company’s controlling shareholder, Communications Group, the deal is classified as a connected transaction under Hong Kong listing rules. With applicable percentage ratios above 0.1% but below 5%, the transaction will require reporting and public announcement, but is exempt from independent shareholder approval, streamlining execution while maintaining disclosure obligations.

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 Chinese joint stock company listed in Hong Kong that primarily operates in the transportation infrastructure sector. The company’s core business centres on the investment, construction, and operation of expressways and related infrastructure in Zhejiang province, positioning it as a key player in regional transport and logistics development.

**Average Trading Volume:** 15,705,128

**Current Market Cap:** HK$46.67B

For an in-depth examination of 0576 stock, go to TipRanks’ Overview page.

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