Shenzhen Expressway plans to raise 900 mln shares by issuing A shares

Shenzhen Expressway (0548) planned to issue A shares and its leading shareholders would dispose 10% state-owned shares. Tao Hong, executive director of Shenzhen Expressway, said the authority would respond to the company within the week, approving the details of issuing A shares and disposing state-owned shares according to related laws. Tao Hong pointed out that the state-owned shares of the company were mainly held by four shareholders and they would decrease the state-owned shares according to proper proportion, circa 10% of the increased A shares. He also disclosed that the company was planning to raise HK$900 mln by issuing A shares, but the number of shares issue was not finalized yet.

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