Zhejiang Expressway Co. Ltd. Reduces Stake in Shangsan Co., Retains Subsidiary Status

Reuters08-28

<a href="https://laohu8.com/S/ZHEXF">Zhejiang Expressway Co. Ltd.</a> Reduces Stake in Shangsan Co., Retains Subsidiary Status

Zhejiang Expressway Co. Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, China Merchants Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Expressway Co. Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.

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Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, <a href=\"https://laohu8.com/S/CIHHF\">China Merchants</a> Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Ltd. Reduces Stake in Shangsan Co., Retains Subsidiary Status\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-28 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ZHEXF\">Zhejiang Expressway Co. Ltd.</a> Reduces Stake in Shangsan Co., Retains Subsidiary Status\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Zhejiang Expressway Co. Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, <a href=\"https://laohu8.com/S/CIHHF\">China Merchants</a> Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Expressway Co. 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