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The latest announcement is out from Binhai Investment Co ( (HK:2886) ).
Binhai Investment Co, through its wholly-owned subsidiary Taicheng Clean Energy, has entered into a Capital Contribution Agreement with Tianjin Water Engineering and Tianshui Zhicheng. This agreement involves a capital contribution of RMB10,365,133.33, allowing Taicheng Clean Energy to acquire a 49% equity interest in Tianshui Zhicheng. The strategic cooperation aims to support Tianshui Zhicheng’s business operations and expansion as a specialized gas engineering platform. The transaction is classified as a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval.
The most recent analyst rating on (HK:2886) stock is a Buy 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: 452,114
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.58B
See more data about 2886 stock on TipRanks’ Stock Analysis page.