An announcement from BII Railway Transportation Technology Holdings Co., Ltd. ( (HK:1522) ) is now available.
BII Railway Transportation Technology Holdings Co., Ltd. has entered into a Procurement Services Framework Agreement with BII, which involves transactions with proposed annual caps of RMB130 million, RMB140 million, and RMB150 million for the years 2025, 2026, and 2027, respectively. This agreement, subject to independent shareholder approval, is classified as a continuing connected transaction under Hong Kong’s Listing Rules, necessitating the formation of an Independent Board Committee and the appointment of Gram Capital Limited as the Independent Financial Adviser.
More about BII Railway Transportation Technology Holdings Co., Ltd.
BII Railway Transportation Technology Holdings Co., Ltd. operates in the railway transportation technology industry, focusing on providing advanced railway transportation solutions and services. The company is incorporated in the Cayman Islands and is primarily involved in procurement services within its sector.
YTD Price Performance: 5.56%
Average Trading Volume: 1,006,259
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$597.7M
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