Yuexiu Transport Renews Connected Bank Deposit Deal with Chong Hing Bank
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Yuexiu Transport Infrastructure has renewed its Bank Deposits and Ancillary Services Agreement with Chong Hing Bank for three years. This deal allows continued deposits and adds services for dividend distributions, classified as connected transactions under Hong Kong rules, requiring independent shareholder approval. A circular detailing the transactions will be sent to shareholders by late May 2026. The latest analyst rating for Yuexiu Transport (HK:1052) is a Buy with a price target of HK$5.20. The company focuses on toll roads and related assets, with a current market cap of HK$6.73B.
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