Core Viewpoint - Zhejiang Hu-Hang-Yong (00576) is proposing a share swap to absorb and merge with Zhenyang Development (603213), aiming for a dual listing in both A-share and H-share markets, which is expected to enhance funding sources for highway construction and capitalize on development opportunities in the Yangtze River Delta [1] Group 1: Share Swap and Listing Details - The company plans to issue A-shares at a price of 13.5 RMB, while the share swap price for Zhenyang Development is set at 14.58 RMB, with a conversion ratio of 1 share of Zhenyang Development to 1.08 A-shares [1] - The transaction involves the issuance of 216 million A-shares, totaling 4.492 billion A-shares that will be applied for listing on the Shanghai Stock Exchange [1] - The issuance price represents a premium of 119.01% compared to the closing price on September 2, based on the exchange rate of 1 HKD to 0.91183 RMB [1] Group 2: Strategic Implications - The merger through a share swap is expected to broaden the company's funding sources, providing financial support for highway construction projects [1] - This strategic move is aligned with the company's goal to leverage development opportunities in the Yangtze River Delta region [1]