Brief: Zhejiang Expressway Announces Investment And Joint Investment Agreement

Zhejiang Expressway

27/03/2023 16:12

March 27 (Reuters) - Zhejiang Expressway  0576.HK :
    * ANNOUNCES INVESTMENT AND JOINT INVESTMENT AGREEMENT
    * WILL ENTER INTO JOINT INVESTMENT AGREEMENT WITH SHAOXING
COMMUNICATIONS
    * IN DEAL, TOTAL INVESTMENT OF NINGBO-JINHUA EXPRESSWAY
(SHAOXING
SECTION) RENOVATION AND EXPANSION PROJECT IS RMB13,711 MILLION
    * EACH THE CO AND SHAOXING COMMUNICATIONS WILL AFFORD 50% OF
PROJECT CAPITAL
    * CO, SHAOXING COMMUNICATIONS TO AGGREGATE INVEST NOT LESS
THAN
20% OF INVESTMENT AMOUNT AS PROJECT CAPITAL, ABOUT RMB2,742.2
MILLION

Further company coverage:  0576.HK 

 ((Reuters.Briefs@thomsonreuters.com;))