BaWang International (Group) Holding Limited (HK:1338) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
BaWang International’s subsidiary Bawang Guangzhou has entered into two engineering, procurement, and construction (EPC) contracts with Zhensen Electric Energy for the development of distributed photovoltaic power generation projects. The contracts, valued at RMB 5,210,000 and RMB 9,700,000 respectively, aim to establish solar power systems on building rooftops with capacities of 1.82 MW for the first phase and 3.42 MW for the second phase. These transactions are considered discloseable under the Listing Rules as their aggregated value exceeds 5%, necessitating reporting and announcement but not shareholder approval.
For further insights into HK:1338 stock, check out TipRanks’ Stock Analysis page.