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Zhejiang Expressway Co Ltd (0576.HK)

0576.HK on Hong Kong Stock

9.75HKD
19 Sep 2017
Change (% chg)

HK$-0.09 (-0.91%)
Prev Close
HK$9.84
Open
HK$9.85
Day's High
HK$9.86
Day's Low
HK$9.68
Volume
1,924,686
Avg. Vol
4,224,210
52-wk High
HK$10.54
52-wk Low
HK$7.02

Latest Key Developments (Source: Significant Developments)

Zhejiang Expressway Co says HY revenue was RMB4.67 bln, down 2.8 pct
Wednesday, 23 Aug 2017 10:12am EDT 

Aug 23 (Reuters) - Zhejiang Expressway Co Ltd <0576.HK>:Hy revenue for group was rmb4,668.76 million, representing a decrease of 2.8%.Interim dividend of rmb6 cents per share.Hy profit for period from continuing operations rmb1.88 billion versus rmb1.68 billion.Expects that organic traffic volume for its major expressway sections will enjoy robust growth throughout 2017.  Full Article

Zhejiang Expressway enters into asset management agreement II with Zhejiang Communications Finance
Friday, 18 Aug 2017 05:43am EDT 

Aug 18 (Reuters) - Zhejiang Expressway Co Ltd <0576.HK>:Entered into asset management agreement II with Zhejiang Communications Finance.Zheshang Securities agreed to sell 100 million units of collective asset management scheme to zhejiang communications finance.  Full Article

Zhejiang Expressway Co says HY net profit attributable RMB 52.66 billion
Tuesday, 18 Jul 2017 07:15am EDT 

July 18 (Reuters) - Zhejiang Expressway Co Ltd <0576.HK>::HY net profit attributable to shareholders of co RMB 52.66 billion versus RMB 51.86 billion.HY operating income RMB206.01 billion, down 2.54 percent.  Full Article

Zhejiang Expressway Co entered into road maintenance agreement
Friday, 23 Jun 2017 05:19am EDT 

June 23 (Reuters) - Zhejiang Expressway Co Ltd <0576.HK> ::Entered into road maintenance agreement with maintenance co.Maintenance co agreed to provide maintenance services to group's four expressways from 23 June 2017 to 30 November 2017.Company entered into asphalt road geothermal power regeneration agreement with Zhejiang Shunchang.Zhejiang Shunchang agreed to provide regeneration services to group's five expressways from 23 June 2017 to 20 October 2017.Service fees and total service fees payable by company under road maintenance agreement shall be RMB244.4 million.Total service fees payable by co to Zhejiang under asphalt road geothermal power regeneration agreement shall be RMB34.7 million.  Full Article

Zhejiang Expressway updates on spin-off of Spinco
Tuesday, 13 Jun 2017 04:48am EDT 

June 13 (Reuters) - Zhejiang Expressway Co Ltd <0576.HK>:Transaction in relation to proposed spin-off and separate listing of Spinco on shanghai stock exchange.Hong kong stock exchange has confirmed that company may proceed with proposed spin-off.Dealings in A shares of spinco on shanghai stock exchange are expected to commence on 26 June 2017.Spin-off will be accounted for as an equity transaction and will not result in recognition of any gain or loss​.  Full Article

Zhejiang Expressway Co updates on CSRC approval of proposed spin-off
Tuesday, 2 May 2017 08:57am EDT 

May 2 (Reuters) - Zhejiang Expressway Co Ltd <0576.HK>::CSRC approval of proposed spin-off and separate listing of spinco on Shanghai Stock Exchange.  Full Article

Zhejiang Expressway Co proposes to offer euro365 million zero coupon convertible bonds due 2022
Wednesday, 5 Apr 2017 05:06am EDT 

Zhejiang Expressway Co Ltd <0576.HK> : Company proposes to offer euro365 million zero coupon convertible bonds due 2022 to professional investors in hong kong .Intends to use net proceeds from offering of convertible bonds for, among others, for repayment of existing debt.  Full Article

Zhejiang Expressway reports FY net profit attributable to owners of RMB3,037.41 mln
Monday, 27 Mar 2017 09:35am EDT 

Zhejiang Expressway Co Ltd <0576.HK>: FY profit attributable to owners of company amounted to rmb3,037.41 million, representing an increase of 1.6% year-on-year . FY revenue was rmb9.74 billion, representing a decrease of 9.2% . A final dividend of rmb 29.5 cents per share is recommended .Expects that organic traffic volume growth in 2017 is likely to slow down, albeit with a steady increase in overall traffic volume.  Full Article

Zhejiang Expressway resolved to approve and confirm proposed issue of H share convertible bonds
Wednesday, 28 Dec 2016 04:38am EST 

Zhejiang Expressway Co Ltd <0576.HK> :Resolved to approve and confirm proposed issue of H share convertible bonds with an aggregate principal amount up to USD400 million.  Full Article

Zhejiang Expressway entered into capital contribution agreement
Friday, 14 Oct 2016 06:45am EDT 

Zhejiang Expressway Co Ltd <0576.HK> : Company entered into capital contribution agreement with Zhejiang Communications Finance and existing shareholders .Zhejiang Expressway Co agreed to contribute an amount of RMB350 million by way of cash, into equity capital of zhejiang communications finance.  Full Article