Shenwan Bay Area Infrastructure Acquires 51% Stake in Coastal Company

Reuters
25 Jul
Shenwan Bay Area Infrastructure Acquires 51% Stake in Coastal Company

Shenzhen Investment Holdings Bay Area Development Co. Ltd. has a notable subsidiary, Shenzhen Expressway Operation Development Limited, which is a wholly-owned entity incorporated in the People's Republic of China. This subsidiary is responsible for the operational and maintenance management services of the Coastal Expressway (Shenzhen Section). The company recently completed a significant capital injection into Shenwan Bay Area Infrastructure (Shenzhen) Company Limited, acquiring a 51% equity interest in the Coastal Company. This strategic move is aimed at enhancing infrastructure development and management capabilities within the region.

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