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Capital Environment Holdings Limited ( (HK:3989) ) just unveiled an update.
Capital Environment Holdings Limited has announced that its indirect wholly owned subsidiary, Xinjiang Tianfu Company, has entered into a new equipment procurement agreement with Capital Aihua Company to purchase monitoring room equipment for a wastewater treatment plant upgrading and renovation project for RMB3,803,100. As Capital Aihua is majority-owned by Capital Eco Group, the controlling shareholder of Capital Environment, the deal constitutes a connected transaction under Hong Kong listing rules; when aggregated with a prior related equipment transaction, it triggers reporting and announcement requirements but remains exempt from independent shareholders’ approval, underscoring the group’s ongoing execution of its awarded wastewater project while maintaining compliance with connected transaction regulations.
The most recent analyst rating on (HK:3989) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Capital Environment Holdings Limited stock, see the HK:3989 Stock Forecast page.
More about Capital Environment Holdings Limited
Capital Environment Holdings Limited is an environmental services group focused on waste treatment and related environmental infrastructure projects in China, operating through subsidiaries that undertake projects such as wastewater treatment plant upgrading and renovation, and the supply and installation of associated monitoring and treatment equipment.
Average Trading Volume: 11,396,945
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.11B
See more data about 3989 stock on TipRanks’ Stock Analysis page.