Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Binhai Investment Co ( (HK:2886) ) has shared an update.
Binhai Investment Co.’s wholly owned subsidiary BHI Tianjin has signed an engineering services framework agreement with TEDA Jianan, an associate of its controlling shareholder TEDA, under which TEDA Jianan will provide professional engineering services including supervision, cost consultancy, surveying, environmental assessment and other specialised work for BHI Tianjin Group’s construction projects in Mainland China. As TEDA Jianan is deemed a connected person under Hong Kong listing rules, the transactions are classified as continuing connected transactions subject to reporting, announcement and annual review requirements, but are exempt from the need for a circular and independent shareholders’ approval, signalling ongoing related-party cooperation within the group while remaining within lower regulatory thresholds.
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
Binhai Investment Co., through its wholly owned subsidiary BHI Tianjin, undertakes construction-related projects and engineering works in Mainland China, relying on specialised engineering services such as supervision, cost consultancy, surveying and environmental assessment to support its infrastructure and development activities.
Average Trading Volume: 140,811
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.59B
For an in-depth examination of 2886 stock, go to TipRanks’ Overview page.