Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from China Communications Construction Co ( (HK:1800) ).
China Communications Construction Company Limited has announced the signing of supplemental agreements to its Leasing Framework Agreement and Mutual Project Contracting Framework Agreement with certain connected subsidiaries. These agreements, effective until 2027, involve leasing assets and providing construction and management services. The revised annual caps for these transactions exceed certain thresholds, triggering reporting and review requirements under Hong Kong Listing Rules, but they remain exempt from independent shareholder approval. Additionally, ZhongBo Green Energy Co., Ltd. is no longer part of these agreements as it has ceased to be a connected subsidiary.
The most recent analyst rating on (HK:1800) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on China Communications Construction Co stock, see the HK:1800 Stock Forecast page.
More about China Communications Construction Co
China Communications Construction Company Limited is a major player in the infrastructure sector, focusing on construction, management, and leasing services. The company operates primarily in the People’s Republic of China and is involved in various large-scale projects through its subsidiaries.
Average Trading Volume: 15,725,150
Technical Sentiment Signal: Buy
Current Market Cap: HK$138.2B
Learn more about 1800 stock on TipRanks’ Stock Analysis page.