China Resources Cement Holdings ( (HK:1313) ) has provided an announcement.
China Resources Cement Holdings has entered into an Entrusted Management Agreement with CR Power and Chongqing Energy to manage the daily operations of Chongqing Energy’s Building Materials Branch and its subsidiaries. The agreement, effective from March 3, 2025, to February 29, 2028, involves a proposed annual cap of RMB36,000,000 and covers various management aspects such as financial, human resources, and risk management. This strategic move is expected to enhance operational efficiency and potentially increase annual operating profits for the managed entities, while complying with specific reporting and review requirements under the Listing Rules.
More about China Resources Cement Holdings
YTD Price Performance: -5.21%
Average Trading Volume: 5,750
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.36B
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