Zhejiang Expressway Co. Ltd. Reduces Stake in Shangsan Co., Retains Subsidiary Status

Reuters

Aug 28

<a href="https://laohu8.com/S/ZHEXF">Zhejiang Expressway Co. Ltd.</a> Reduces Stake in Shangsan Co., Retains Subsidiary Status

Zhejiang Expressway Co. Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, China Merchants Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Expressway Co. Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.

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Reduces Stake in Shangsan Co., Retains Subsidiary Status","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ZHEXF\">Zhejiang Expressway Co. Ltd.</a> Reduces Stake in Shangsan Co., Retains Subsidiary Status\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Zhejiang Expressway Co. Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, <a href=\"https://laohu8.com/S/CIHHF\">China Merchants</a> Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Expressway Co. 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Ltd. Reduces Stake in Shangsan Co., Retains Subsidiary Status\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-28 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ZHEXF\">Zhejiang Expressway Co. Ltd.</a> Reduces Stake in Shangsan Co., Retains Subsidiary Status\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Zhejiang Expressway Co. Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, <a href=\"https://laohu8.com/S/CIHHF\">China Merchants</a> Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Expressway Co. Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></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://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250828:nNDLb1ZsH2:1","article_id":"2562037091","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562037091","pubTimestamp":1756386066,"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":"Zhejiang Expressway Co. Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, China Merchants Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Expressway Co. Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00576":"浙江沪杭甬","BK0234":"道路运输","001965":"招商公路","BK1185":"公路与铁路","BK1567":"公路及铁路股"},"translate_title":"浙江高速公路股份有限公司减持上三股份，保留子公司地位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"001965":0.9,"00576":0.9},"content_text":"Zhejiang Expressway Co. Ltd. Reduces Stake in Shangsan Co., Retains Subsidiary Status\n    \n\n        Zhejiang Expressway Co. Ltd. has announced a change in its shareholding in Shangsan Co, following contributions by Communications Group, China Merchants Expressway, Tiantai State Capital, and Shangyu Transportation. As a result, Zhejiang Expressway's ownership in Shangsan Co has decreased from 73.625% to 61.25%. Despite the reduction in stake, Shangsan Co remains a subsidiary of Zhejiang Expressway Co. Ltd., and its financial results will continue to be consolidated into the company's financial statements.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Expressway Co. Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}