BII Railway Transportation Technology Holdings Co., Ltd. (HK:1522) has released an update.
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BII Railway Transportation Technology Holdings Co., Ltd. has entered into a Cooperation Agreement for its civil communication business in Beijing’s subway lines, with projected annual transaction caps of up to RMB64 million by 2026. This agreement involves continuing connected transactions, subject to approval by independent shareholders due to its financial magnitude. An Independent Board Committee has been formed to advise on this matter, with a meeting scheduled to discuss the details.
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