HK-listed Zhejiang Expressway to absorb Zhejiang Oceanking Development in share swap deal

Reuters

09/02

HK-listed <a href="https://laohu8.com/S/ZHEXF">Zhejiang Expressway</a> to absorb <a href="https://laohu8.com/S/603213">Zhejiang Oceanking</a> Development in share swap deal

Sept 2 (Reuters) - Hong Kong-listed Zhejiang Expressway 0576.HK said on Tuesday it will absorb Zhejiang Oceanking Development 603213.SS by way of a share swap deal, valuing the firm at around 6.44 billion yuan ($900.33 million).

Under the share swap arrangement, shareholders of Zhejiang Oceanking Development will receive 1.08 Zhejiang Expressway shares for each Oceanking share held.

($1 = 7.1529 Chinese yuan renminbi)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Shailesh Kuber)

((Shivangi.Lahiri@thomsonreuters.com;))

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Editing by Shailesh Kuber)</p><p> ((Shivangi.Lahiri@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1185","symbol_name":"公路與鐵路","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250902:nL4N3UP17O:1","article_id":"2564157386","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564157386","pubTimestamp":1756826696,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"HK-listed Zhejiang Expressway to absorb Zhejiang Oceanking Development in share swap dealSept 2  - Hong Kong-listed Zhejiang Expressway 0576.HK said on Tuesday it will absorb Zhejiang Oceanking Development 603213.SS by way of a share swap deal, valuing the firm at around 6.44 billion yuan .Under the share swap arrangement, shareholders of Zhejiang Oceanking Development will receive 1.08 Zhejiang Expressway shares for each Oceanking share held.  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