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China Railway Signal & Communication ( (HK:3969) ) has issued an announcement.
China Railway Signal & Communication Corporation Limited has renewed its framework agreements with controlling shareholder CRSC Corporation Group for purchases, sales and construction contracting for a further three years from 2026 to 2028, ensuring continuity of existing connected transactions beyond the expiry of the current 2023–2025 arrangements. Under Hong Kong listing rules, these transactions are classified as continuing connected transactions due to CRSC Corporation Group’s 62.78% stake, and while the purchase caps trigger reporting, annual review and announcement obligations, they remain below the threshold requiring independent shareholder approval, allowing the company to maintain key intra-group supply and contracting relationships with limited additional compliance burden.
The most recent analyst rating on (HK:3969) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
More about China Railway Signal & Communication
China Railway Signal & Communication Corporation Limited is a leading provider of rail transportation control systems and related engineering services in China, supplying signalling products, systems integration, and construction contracting services primarily to the railway and urban transit sectors. The company is controlled by CRSC Corporation Group, which holds a majority stake and is treated as a connected person under Hong Kong listing rules.
Average Trading Volume: 4,966,979
Technical Sentiment Signal: Buy
Current Market Cap: HK$59.02B
Find detailed analytics on 3969 stock on TipRanks’ Stock Analysis page.