Zhejiang Expressway Receives Shanghai Bourse Nod for Zhejiang Oceanking Development Merger Plan

MT Newswires Live

Jun 01

Zhejiang Expressway (HKG:0576) said the Shanghai Stock Exchange approved its plan to acquire Zhejiang Oceanking Development (SHA:603213), a producer of chloralkali-related products, via a merger, according to a Hong Kong bourse filing Friday.

Shares of the road construction company gained over 1% in morning trade Monday.

The merger will be effected by way of a share swap, whereby Zhejiang Expressway will issue 1.08 of an A share for every 1 A share of Oceanking Development.

Oceanking shareholders can also opt for a cash payment.

Zhejiang Expressway will issue A shares at 13.50 yuan apiece, and the conversion price of Oceanking Development is 14.58 yuan per share, the firm previously said.

Both Zhejiang Expressway and Zhejiang Oceanking count state-owned Zhejiang Communications Investment Group as their controlling shareholder.

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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2640279987"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2640279987\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2640279987?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-01 11:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640279987","market":"sh","top_or_hot":-1,"title":"Zhejiang Expressway Receives Shanghai Bourse Nod for Zhejiang Oceanking Development Merger Plan","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/ZHEXF\">Zhejiang Expressway</a> (HKG:0576) said the Shanghai Stock Exchange approved its plan to acquire <a href=\"https://laohu8.com/S/603213\">Zhejiang Oceanking</a> Development (SHA:603213), a producer of chloralkali-related products, via a merger, according to a Hong Kong bourse filing Friday.</p><p>Shares of the road construction company gained over 1% in morning trade Monday.</p><p>The merger will be effected by way of a share swap, whereby Zhejiang Expressway will issue 1.08 of an A share for every 1 A share of Oceanking Development.</p><p>Oceanking shareholders can also opt for a cash payment.</p><p>Zhejiang Expressway will issue A shares at 13.50 yuan apiece, and the conversion price of Oceanking Development is 14.58 yuan per share, the firm previously said.</p><p>Both Zhejiang Expressway and Zhejiang Oceanking count state-owned <a href=\"https://laohu8.com/S/002061\">Zhejiang Communications</a> Investment Group as their controlling shareholder.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhejiang Expressway Receives Shanghai Bourse Nod for Zhejiang Oceanking Development Merger Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhejiang Expressway Receives Shanghai Bourse Nod for Zhejiang Oceanking Development Merger Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-01 11:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/ZHEXF\">Zhejiang Expressway</a> (HKG:0576) said the Shanghai Stock Exchange approved its plan to acquire <a href=\"https://laohu8.com/S/603213\">Zhejiang Oceanking</a> Development (SHA:603213), a producer of chloralkali-related products, via a merger, according to a Hong Kong bourse filing Friday.</p><p>Shares of the road construction company gained over 1% in morning trade Monday.</p><p>The merger will be effected by way of a share swap, whereby Zhejiang Expressway will issue 1.08 of an A share for every 1 A share of Oceanking Development.</p><p>Oceanking shareholders can also opt for a cash payment.</p><p>Zhejiang Expressway will issue A shares at 13.50 yuan apiece, and the conversion price of Oceanking Development is 14.58 yuan per share, the firm previously said.</p><p>Both Zhejiang Expressway and Zhejiang Oceanking count state-owned <a href=\"https://laohu8.com/S/002061\">Zhejiang Communications</a> Investment Group as their controlling shareholder.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00576","symbol_name":"浙江沪杭甬","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2640279987","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640279987","pubTimestamp":1780283946,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Zhejiang Expressway (HKG:0576) said the Shanghai Stock Exchange approved its plan to acquire Zhejiang Oceanking Development (SHA:603213), a producer of chloralkali-related products, via a merger, acco","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"603213":"镇洋发展","00576":"浙江沪杭甬","BK0229":"化学制品","BK1185":"公路与铁路","BK1567":"公路及铁路股"},"translate_title":"浙江高速浙江远洋发展合并计划获上交所认可","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"603213":0.9,"00576":0.9},"content_text":"Zhejiang Expressway (HKG:0576) said the Shanghai Stock Exchange approved its plan to acquire Zhejiang Oceanking Development (SHA:603213), a producer of chloralkali-related products, via a merger, according to a Hong Kong bourse filing Friday.Shares of the road construction company gained over 1% in morning trade Monday.The merger will be effected by way of a share swap, whereby Zhejiang Expressway will issue 1.08 of an A share for every 1 A share of Oceanking Development.Oceanking shareholders can also opt for a cash payment.Zhejiang Expressway will issue A shares at 13.50 yuan apiece, and the conversion price of Oceanking Development is 14.58 yuan per share, the firm previously said.Both Zhejiang Expressway and Zhejiang Oceanking count state-owned Zhejiang Communications Investment Group as their controlling shareholder.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}