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CALB Co., Ltd. Revises Annual Caps for Engineering and Construction Agreement

Story Highlights
  • CALB Co., Ltd. revises annual caps for its 2024-2026 agreement with Jiangsu Chengdong Construction.
  • The revised caps are subject to reporting and review but exempt from certain approval requirements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CALB Co., Ltd. Revises Annual Caps for Engineering and Construction Agreement

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An announcement from CALB Co., Ltd. Class H ( (HK:3931) ) is now available.

CALB Co., Ltd. has announced a revision of the annual caps for the 2024 to 2026 Engineering and Construction Framework Agreement with Jiangsu Chengdong Construction. This revision, formalized through Supplemental Agreement II, adjusts the financial limits for the years ending December 31, 2025, and 2026, while maintaining the other principal terms of the agreement. The transactions are classified as continuing connected transactions under the Listing Rules, subject to specific reporting and review requirements, but exempt from circular and independent shareholders’ approval.

The most recent analyst rating on (HK:3931) stock is a Buy with a HK$33.40 price target. To see the full list of analyst forecasts on CALB Co., Ltd. Class H stock, see the HK:3931 Stock Forecast page.

More about CALB Co., Ltd. Class H

CALB Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the engineering and construction industry, focusing on providing general contracting services including design, procurement, and construction for industrial parks or buildings.

Average Trading Volume: 7,701,882

Technical Sentiment Signal: Buy

Current Market Cap: HK$53.13B

For detailed information about 3931 stock, go to TipRanks’ Stock Analysis page.

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