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Tianjin Port Development Holdings Engages in Connected Renovation Transaction

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Tianjin Port Development Holdings Engages in Connected Renovation Transaction

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Tianjin Port Development Holdings ( (HK:3382) ) has provided an announcement.

Tianjin Port Development Holdings, through its subsidiary Euroasia International Co, has entered into a Renovation Agreement with Jinan Heavy Equipment Co for a project valued at RMB9,670,000. This agreement involves upgrading control drive systems of quay cranes and renovating operator cab linkage systems. The transaction is classified as a connected transaction under the Hong Kong Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval due to its size.

More about Tianjin Port Development Holdings

Average Trading Volume: 2,836,207

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$4.43B

See more insights into 3382 stock on TipRanks’ Stock Analysis page.

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