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Binhai Investment Co ( (HK:2886) ) just unveiled an update.
Binhai Investment Co has announced that its wholly-owned subsidiary, TEDA Clean Energy, has entered into a Magnetic Gradient Detection Service Agreement with TEDA Jianan, an indirect non-wholly owned subsidiary of TEDA. This agreement involves TEDA Jianan providing engineering surveying services to locate gas pipelines for the Huaihe East Road Project. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules due to TEDA’s significant shareholding in Binhai Investment Co. The agreement is subject to reporting and announcement requirements but is exempt from shareholder approval.
The most recent analyst rating on (HK:2886) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Binhai Investment Co stock, see the HK:2886 Stock Forecast page.
More about Binhai Investment Co
Average Trading Volume: 148,565
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.54B
See more data about 2886 stock on TipRanks’ Stock Analysis page.