Zhejiang Expressway Co. Ltd. Announces Reallocation of Rights Issue Proceeds to Enhance Financial Flexibility, Support Expressway Expansion Projects, and Strengthen Core Business Operations

Reuters2025-12-31
<a href="https://laohu8.com/S/ZHEXF">Zhejiang Expressway Co. Ltd.</a> Announces Reallocation of Rights Issue Proceeds to Enhance Financial Flexibility, Support Expressway Expansion Projects, and Strengthen Core Business Operations

Zhejiang Expressway Co. Ltd. has announced a reallocation and change in the use of proceeds from its recent rights issue. The company will direct approximately RMB 5.20 billion towards the reconstruction and expansion of existing expressway projects. Additionally, around RMB 0.92 billion will be allocated for daily operating expenses, including the replenishment of liquidity and repayment of borrowings, to support the development of its core expressway business. The company expects this reallocation to enhance financial and cash flow management, reduce financing costs and leverage, and strengthen funding support for ongoing operations and project implementation. No material change in the nature of the business or other major adjustments to the use of the remaining net proceeds are anticipated.

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 via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251231-11973958), on December 31, 2025, and is solely responsible for the information contained therein.

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