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Boer Power Holdings ( (HK:1685) ) just unveiled an update.
Boer Power Holdings Limited, through its subsidiary Boer Wuxi, has entered into a Sale and Purchase Agreement with Boer Energy Jiangsu for the sale of 36 sets of gas-insulated switchgear and spare parts, valued at approximately RMB7.22 million. This transaction is part of a photovoltaic power generation grid parity project and is considered a connected transaction under the Listing Rules due to the involvement of key company executives, Mr. Qian Yixiang and Ms. Jia Lingxia, who are significant shareholders and directors. The transaction is expected to generate revenue for Boer Power Holdings and is in line with the company’s ordinary business operations.
More about Boer Power Holdings
Boer Power Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the energy sector. It offers products and services related to power generation and distribution, with a focus on equipment such as gas-insulated switchgear.
Average Trading Volume: 267,531
Current Market Cap: HK$248.6M
See more data about 1685 stock on TipRanks’ Stock Analysis page.