---
title: "Yuexiu Transport Renews Connected Bank Deposit Deal with Chong Hing Bank"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285948307.md"
description: "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."
datetime: "2026-05-11T12:47:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285948307.md)
  - [en](https://longbridge.com/en/news/285948307.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285948307.md)
---

# Yuexiu Transport Renews Connected Bank Deposit Deal with Chong Hing Bank

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An announcement from Yuexiu Transport Infrastructure ( (HK:1052) ) is now available.

Yuexiu Transport Infrastructure has entered into a new three-year Bank Deposits and Ancillary Services Agreement with Chong Hing Bank, a subsidiary of its controlling shareholder Yuexiu Enterprises, to renew and expand its existing deposit arrangements. The deal allows the group to continue placing deposits with Chong Hing Bank under normal commercial terms, while also adding ancillary services such as support for potential dividend distributions, with the transactions classified as continuing connected transactions under Hong Kong listing rules and requiring independent shareholders’ approval.

Because the highest applicable percentage ratio for the new annual caps exceeds 5%, the renewed arrangements trigger reporting, announcement, annual review and independent shareholders’ approval requirements. The company plans to send a circular to shareholders by late May 2026 detailing the transactions, independent board recommendations and financial adviser opinions ahead of a special general meeting, underscoring its need to balance related-party banking support with regulatory compliance and investor oversight.

The most recent analyst rating on (HK:1052) stock is a Buy with a HK$5.20 price target. To see the full list of analyst forecasts on Yuexiu Transport Infrastructure stock, see the HK:1052 Stock Forecast page.

**More about Yuexiu Transport Infrastructure**

Yuexiu Transport Infrastructure is a Bermuda-incorporated company listed in Hong Kong that operates in the transport infrastructure sector. The group focuses on investing in and managing toll roads and related assets, and it maintains banking relationships to support its treasury operations and facilitate activities such as dividend distributions to shareholders.

**YTD Price Performance:** -15.01%

**Average Trading Volume:** 2,224,272

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$6.73B

Find detailed analytics on 1052 stock on TipRanks’ Stock Analysis page.

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