HK-listed Zhejiang Expressway to absorb Zhejiang Oceanking Development in share swap deal
02/09/2025 16:24
Sept 2 (Reuters) - Hong Kong-listed Zhejiang Expressway 0576.HK said on Tuesday it will absorb Zhejiang Oceanking Development 603213.SS by way of a share swap deal, valuing the firm at around 6.44 billion yuan ($900.33 million). Under the share swap arrangement, shareholders of Zhejiang Oceanking Development will receive 1.08 Zhejiang Expressway shares for each Oceanking share held. ($1 = 7.1529 Chinese yuan renminbi) (Reporting by Shivangi Lahiri in Bengaluru; Editing by Shailesh Kuber) ((Shivangi.Lahiri@thomsonreuters.com;))
Recent news on Zhejiang Expressway Co
See all newsBrief: Zhejiang Expressway Co Receives CSRC Approval For Oceanking Merger On
Brief: Zhejiang Expressway Says Shanghai Exchange Reviewed Zhejiang Expressway Merger Application
Brief: Blackrock, Inc's Long Position In H-Shares Of Zhejiang Expressway Decreases To 4.74% On May 18 From 5.43% - HKEX
Brief: Zhejiang Expressway Appoints Wang Qiming As Executive Director
Brief: Zhejiang Expressway Posts Q1 Net Income Attributable Of RMB 1,311.8 Million