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Zhejiang Expressway Co Ltd (0576.HK)

0576.HK on Hong Kong Stock

9.37HKD
24 Mar 2017
Change (% chg)

HK$-0.01 (-0.11%)
Prev Close
HK$9.38
Open
HK$9.38
Day's High
HK$9.45
Day's Low
HK$9.31
Volume
1,776,670
Avg. Vol
3,453,589
52-wk High
HK$9.88
52-wk Low
HK$6.70

Latest Key Developments (Source: Significant Developments)

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

Zhejiang Expressway board approves proposed offer and issue of H share convertible bonds
Friday, 30 Sep 2016 06:55am EDT 

Zhejiang Expressway Co Ltd : Proposed H share convertible bonds would have an aggregate principal amount of up to USD400 million .Board approved a proposal to submit to shareholders approval of a proposed offer and issue of H share convertible bonds.  Full Article

Zhejiang Expressway entered into agreement with Huangshan Travel<0576.HK>
Friday, 19 Aug 2016 07:47am EDT 

Zhejiang Expressway Co Ltd <0576.HK>: Inside information acquisition of the entire equity interest in huangshan yangtse huihang expressway co., ltd . Says the company entered into the agreement with huangshan travel . Deal for consideration of RMB570 million . Huangshan travel agreed to dispose of the entire equity interest in Huihang Expressway .  Full Article

Zhejiang Expressway says HY profit RMB1.39 billion<0576.HK>
Thursday, 18 Aug 2016 09:42am EDT 

Zhejiang Expressway Co Ltd <0576.HK>: 2016 interim results announcement and resignation of independent supervisor <0576.HK> . Says HY revenue for the group was RMB5.34 billion, representing a decrease of 13.7% . Says have recommended the payment of an interim dividend of RMB6 cents per share . HY profit attributable to owners of the company was approximately RMB1.39 billion, representing a decrease of 8.5% . As economic uncertainty has increased globally, downward pressure on China's economy is expected to continue" . Says "the group expects that the group's toll road business will maintain steady growth in 2016" .  Full Article

Zhejiang Expressway enters road maintenance agreement<0576.HK>
Monday, 13 Jun 2016 06:46am EDT 

Zhejiang Expressway Co Ltd <0576.HK>: On 13 June 2016, the company entered into the road maintenance agreement with Maintenance Co . Service fee and basis of total service fees payable by co shall be RMB250.4 million .  Full Article

Zhejiang Expressway Co says Development co and Petroleum Co entered into lease agreements<0576.HK>
Friday, 27 May 2016 05:59am EDT 

Zhejiang Expressway Co Ltd <0576.HK>: Continuing connected transactions in relation to contracting out operation of service stations <0576.HK> . Development co and petroleum co entered into a series of lease agreements . Pursuant to agreement , development co has agreed to contract out operation of target service stations to petroleum co . Development co has agreed to lease relevant buildings, facilities and equipment in connection with target service stations to petroleum co .  Full Article

Zhejiang Expressway posts Q1 profit for period attributable to owners of RMB661.8 mln<0576.HK>
Wednesday, 18 May 2016 07:27am EDT 

Zhejiang Expressway Co Ltd <0576.HK>: Qtrly revenue rmb2.69 bln vs rmb2.59 bln a year ago . Q1 profit for period attributable to owners rmb661.8 mln vs rmb631.9 mln a year ago . Expect growth of overall traffic volume for expressways to remain steady but with slower growth rate in organic traffic volume in 2016 . "Dongyang-Yongkang Expressway will continue to have a slight diversion impact on the jinhua section of the Ningbo-Jinhua Expressway" . Company expects significant decline in revenues and costs related to gasoline sales . Expected that Zheshang Securities' a-share listing process on Shanghai Stock Exchange will progress further .  Full Article

Zhejiang Expressway Co Ltd says enters into share purchase agreement with Zhejiang communications investment
Monday, 12 Oct 2015 09:01am EDT 

Zhejiang Expressway Co Ltd:Says the Company as vendor and Zhejiang Communications Investment as purchaser entered into the Share Purchase Agreement.Pursuant to which the Company conditionally agreed to sell and Zhejiang Communications Investment conditionally agreed to purchase 50% of the equity interest held by the Company in Petroleum Co at a cash consideration of 135,676,000 yuan.Company plans to enter into discussions with Petroleum Co as to whether or not (and if so, on what terms) the Petrol Supply Services and/or the Management Services will continue after Completion.Based on the Hong Kong Financial Reporting Standards, it is expected that the Group will make a gain of approximately 916,000 yuan from the Disposal.Group intends to apply the sale proceeds as its general working capital.  Full Article

Zhejiang Expressway Co Ltd enters maintenance agreement
Monday, 31 Aug 2015 09:35am EDT 

Zhejiang Expressway Co Ltd:Says company as vendor and Resources Co as purchaser entered into the Maintenance Co Agreement, pursuant to which the Company agreed to sell 100% of the equity interest held by the Company in Maintenance Co to Resources Co at the consideration of 38,342,600 yuan.Maintenance Co will no longer be a subsidiary of the Company upon completion of the Disposal.Company intends not to engage in high-grade road maintenance business.  Full Article

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