Hao Tian International Construction Investment Group Limited ( (HK:1341) ) has issued an update.
Hao Tian International Construction Investment Group Limited announced the formation of a joint venture with Jiangsu Lettall, where Hao Tian will hold a 75% stake and Jiangsu Lettall 25%. The joint venture involves a capital commitment of RMB300,000,000 from Hao Tian and RMB100,000,000 from Jiangsu Lettall. This venture will become a subsidiary of Hao Tian, impacting its financial statements and positioning in the industry. The transaction is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and shareholder approval.
More about Hao Tian International Construction Investment Group Limited
Hao Tian International Construction Investment Group Limited is a company incorporated in the Cayman Islands, focusing on construction investment. It operates in the construction industry and engages in forming joint ventures to expand its operations.
YTD Price Performance: 7.59%
Average Trading Volume: 50,375,427
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$6.48B
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