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China Gas Industry Investment Holdings Co.Ltd. ( (HK:1940) ) just unveiled an announcement.
Independent shareholders of China Gas Industry Investment Holdings Co. Ltd. have overwhelmingly approved the renewal of the company’s Master Gas Products and Related Services Agreement and Master Utilities and Related Services Agreement, along with the associated annual caps for these continuing connected transactions. With 100% of the votes cast in favour and major shareholder HBIS Group abstaining in line with listing rules on connected transactions, the resolution’s passage ensures continuity of key gas products and utilities arrangements, providing operational certainty and supporting the company’s ongoing commercial relationships within the sector.
The most recent analyst rating on (HK:1940) stock is a Buy with a HK$0.86 price target. To see the full list of analyst forecasts on China Gas Industry Investment Holdings Co.Ltd. stock, see the HK:1940 Stock Forecast page.
More about China Gas Industry Investment Holdings Co.Ltd.
China Gas Industry Investment Holdings Co. Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates in the gas industry, focusing on gas products, utilities, and related services through a series of master agreements that govern continuing connected transactions with counterparties such as the HBIS Group.
Average Trading Volume: 324,769
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.09B
See more insights into 1940 stock on TipRanks’ Stock Analysis page.