Zhejiang Expressway Floats JV to Acquire Highway Assets in China
Zhejiang Expressway (HKG:0576) said it will float an equal joint venture (JV) with affiliate China Merchants Expressway Network & Technology Holdings (SHE:001965) to acquire a 60% stake in Hunan Yongl
Zhejiang Shanghai-Hangzhou-Ningbo and China Merchants Highway formed a joint venture to acquire 60% of the shares of Hunan Yonglan Expressway
Zhejiang Shanghai-Hangzhou (00576) announced that on November 24, 2023, the company entered into a joint venture agreement with China Merchants Highway (a related party at the company's subsidiary level), according to which the contracting parties agreed to establish a joint venture in China for the acquisition. On the same day, this includes the company entering into equity acquisition agreements with various parties on China Merchants Highway relating to the acquisition. Once established, the joint venture company will act as the acquiring entity in the acquisition, and therefore must assume all rights and responsibilities as a transferee under the share acquisition agreement. After the acquisition is completed, the joint venture will hold 60% of the shares of the target company Hunan Yonglan Expressway Co., Ltd.
Zhejiang Expressway Eyes 6.2 Billion Yuan From Rights Offering
Zhejiang Expressway (HKG:0576) is targeting to raise 6.15 billion yuan in gross proceeds from its rights issue, which would enable existing investors to purchase additional securities in the company.
Zhejiang Shanghai-Hangzhou (00576.HK) received an increase in J.P. Morgan's holdings by 137.635 million shares
Gelonghui November 14 | According to the latest equity disclosure data from the Stock Exchange, on November 7, 2023, Zhejiang Shanghai-Hangzhou (00576.HK) won JPMorgan Chase & Co. to increase its position by 13.7635 million shares at an average price of HK$5.5989 per share, involving approximately HK$77.063 million. After the increase in holdings, the latest number of JPMorgan Chase & Co. held 102,401,728 shares, and the position ratio increased from 6.18% to 7.14%.
Zhejiang Expressway Taps Controlling Shareholder's Unit for 18.3 Million Yuan Expressway Maintenance Service
Zhejiang Shunchang High-grade Expressway Maintenance agreed to undertake maintenance services to Chinese expressways operated by Zhejiang Expressway (HKG:0576) for 18.3 million yuan. The expressways t
Several subsidiaries of Zhejiang Shanghai-Hangzhou (00576) signed road maintenance agreements with Zhejiang Shunchang
Zhejiang Shanghai-Hangzhou Branch (00576) announced that on November 10, 2023, several subsidiaries of the company and Zhejiang Shun...
Zhejiang Shanghai-Hangzhou-China (00576): Qian Wenhai was appointed as CEO of Zheshang Securities
According to the Zhitong Finance App, Zhejiang Shanghai-Hangzhou (00576) issued an announcement. The 13th meeting of the fourth board of directors of Zheshang Securities Co., Ltd. (Zheshang Securities), a subsidiary of the company, was notified in writing to all directors on November 1, 2023, and opened by means of a communication vote on November 9, 2023. During the meeting, it was agreed to appoint Qian Wenhai as the company's president. The term of office starts from the date of approval by the current board of directors and ends when the term of the current board of directors expires.
Zhejiang, Shanghai, Hangzhou, and Ningbo plan to issue shares according to the “10 to 3.8” benchmark with a net raise of about 6.12 billion yuan
Zhejiang, Shanghai-Hangzhou-Hangzhou (00576) announced that the company has recently obtained written approval from the China Securities Regulatory Commission on the registration of domestic shares (“Approval on the registration of shares issued to specific targets by Zhejiang Shanghai-Hangzhou-Ningbo Expressway Co., Ltd.” (Securities Regulatory License  No. 2473), which relates to the approval of the China Securities Regulatory Commission for domestic stock registration. According to the announcement, the H share offering is based on the shares held by the eligible H share shareholders on the H share registration date. The stock offering price of HK$4.06 per H share is reduced by about 32.11% from the closing price of HK$5.98 per H share on November 3, 2023
Zhejiang, Shanghai, and Hangzhou (00576) plans to issue shares according to the “10 for 3.8” benchmark with a net raise of about 6.12 billion yuan
Zhejiang, Shanghai, Hangzhou, China (00576) announced that the company has recently received written approval from the China Securities Regulatory Commission on the registration of domestic stock offerings (...
Zhejiang Expressway's Nine-Month Profit Rises on Higher Revenue
Zhejiang Expressway's (HKG:0576) attributable profit rose to 4.08 billion yuan, or 0.8840 yuan per diluted share, in the nine months ended Sept. 30, from 2.94 billion yuan, or 0.6235 yuan per share, i
Selected Gelonghui Announcements (Hong Kong Stocks) | Haidilao Plans to Purchase All Shares in JAPAN HAI for US$17.389,000
[Today's focus] Haidilao (06862.HK) plans to buy all shares of JAPAN HAI for 17.389 million US dollars Haidilao (06862.HK) announced that on October 31, 2023, Newpai, a wholly-owned subsidiary of Tehai, signed a share transfer agreement with Haidilao Japan, a wholly-owned subsidiary of Tehai. Based on this, Haidilao Japan agreed to sell and Newpai agreed to buy all of the Japan HAI shares held by Haidilao Japan, at a cost of about $17.389 million. Shares
ZHEJIANGEXPRESS: 2023 Third Quarterly Results Announcement
Zhejiang, Shanghai-Hangzhou: Zheshang Securities's net profit of 1.33 billion yuan in the first three quarters increased 15.05% year-on-year
Zhejiang Shanghai-Hangzhou (00576) released the results of its subsidiary Zheshang Securities Co., Ltd. (601878.SH) for the first three quarters ended September 30, 2023, with operating income of 12.622 billion yuan (RMB, same below), up 8.96% year on year; net profit attributable to shareholders of listed companies was 1.33 billion yuan, up 15.05% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 1,313 billion yuan, up 15.47% year on year; basic earnings per share of 0.36 yuan/share.
ZHEJIANGEXPRESS: Key Financial Information of Zheshang Securities Co., Ltd. for the Third Quarter Ended September 30, 2023
Zhejiang Expressway Sees Up 6.3 Billion Yuan in Nine-Month Profit
Zhejiang Expressway (HKG:0576) expects to record a pre-tax profit of between 5.8 billion yuan and 6.3 billion yuan for the nine months ended Sept. 30, according to a Tuesday disclosure. The expressway
Zhejiang, Shanghai, Hangzhou, and Ningbo are expected to achieve profit of about 5.8 billion to 6.3 billion yuan before tax in the first three quarters
Zhejiang Shanghai-Hangzhou (00576) announced that the Group expects profit before tax of approximately RMB 5.8 billion to RMB 6.3 billion for the nine months ending September 30, 2023.
ZHEJIANGEXPRESS: Notice of Extraordinary General Meeting
Zhejiang Shanghai-Hangzhou-Hong Kong (00576.HK) expects profit of about 5.8 billion to 6.3 billion yuan before tax for the first three quarters
Glonghui, Oct. 24, 丨Zhejiang Shanghai-Hangzhou-Hong Kong (00576.HK) announced that based on a preliminary assessment of the Group's unaudited consolidated business performance for the nine months ended September 30, 2023 and other available information, it is expected that the Group will record profit before tax of approximately RMB 5.8 billion to RMB 6.3 billion during the period.
ZHEJIANGEXPRESS: Inside Information Latest Operating Condition for the Third Quarter of 2023
Shanghai-Hangzhou-Zhejiang: Zheshang Securities's net profit of 1.33 billion yuan in the first three quarters increased 15.05% year-on-year
Zhejiang Shanghang Securities (00576) announced that the company's subsidiary Zheshang Securities (601878.SH) achieved total operating revenue of 12.622 billion yuan (RMB, same below) in the first three quarters of 2023, an increase of 8.96% over the previous year. Net profit attributable to shareholders of listed companies was 1.33 billion yuan, an increase of 15.05% over the previous year; basic earnings per share were RMB 0.36.