Hopewell China Development (Superhighway) Limited Adjusts Equity Structure Amid New PRC Legal Requirements

Reuters
Yesterday
Hopewell China Development (Superhighway) Limited Adjusts Equity Structure Amid New PRC Legal Requirements

Shenzhen Investment Holdings Bay Area Development Co. Ltd., through its subsidiary, GSZ Company, is actively engaged in the construction, operation, and management of the Guangzhou-Shenzhen section of the Beijing-Hong Kong-Macao Expressway. As part of its strategic focus, the company is concentrating on infrastructure development in the Greater Bay Area, with an emphasis on expressway business and land utilization along these routes. Currently, Hopewell China Development (Superhighway) Limited, a non-wholly owned subsidiary of Shenzhen Investment Holdings Bay Area Development, holds a 45% equity interest in GSZ Company, making it a deemed subsidiary of the company. This aligns with the group's broader development strategy, which prioritizes infrastructure growth and related business opportunities in the region.

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