China Merchants Expressway Network & Technology (SHE:001965) plans to conduct deposit and loan business with related party China Merchants Bank (SHA:600036, HKG:3968) from 2027 to 2029.
Maximum end-of-day deposit balances will be up to 7 billion yuan and maximum loan balances of up to 12 billion yuan annually, according to a Shenzhen bourse filing on Tuesday.
Shares of the toll expressway operator rose nearly 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments