tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Guangshen Railway and CSRG Forge Strategic Service Agreement

Story Highlights
  • Guangshen Railway Company and CSRG have agreed on a framework for mutual service provision.
  • The agreement requires independent shareholder approval due to its classification as a continuing connected transaction.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Guangshen Railway and CSRG Forge Strategic Service Agreement

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.

Guangshen Railway Company ( (HK:0525) ) has shared an update.

Guangshen Railway Company has entered into a Comprehensive Services Framework Agreement with CSRG to facilitate mutual provision of services between the two groups. This agreement outlines proposed annual caps for various services over the next three years, indicating significant financial commitments and strategic collaboration. The transactions are classified as continuing connected transactions under the Listing Rules, necessitating approval from independent shareholders and adherence to reporting and review requirements.

The most recent analyst rating on (HK:0525) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Guangshen Railway Company stock, see the HK:0525 Stock Forecast page.

More about Guangshen Railway Company

Guangshen Railway Company is a joint stock limited company incorporated in the People’s Republic of China, operating in the railway transportation industry. The company primarily provides railway transportation services and related services, focusing on enhancing connectivity and efficiency in the transportation sector.

Average Trading Volume: 13,989,128

Technical Sentiment Signal: Buy

Current Market Cap: HK$24.39B

For detailed information about 0525 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1