TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
China Treasures New Materials Group Limited. ( (HK:2439) ) has shared an update.
China Treasures New Materials Group Limited announced that its subsidiary, Jilin Kaishun, has entered into a major construction contract with Henan Naiwo Construction Engineering Co., Ltd. The project involves building a new production base in Changchun, Jilin province, with a total area of approximately 80,298 square meters and a contract value of RMB236.7 million. This transaction, classified as a major transaction under the Hong Kong Listing Rules, has received written approval from the company’s controlling shareholders, eliminating the need for a general meeting. The development is expected to enhance the company’s production capabilities and strengthen its market position.
More about China Treasures New Materials Group Limited.
China Treasures New Materials Group Limited is a company incorporated in the Cayman Islands, focusing on the new materials industry. It operates primarily through its subsidiary, Jilin Kaishun, and is involved in the development and construction of production bases in China.
Average Trading Volume: 1,587,153
Technical Sentiment Signal: Sell
See more insights into 2439 stock on TipRanks’ Stock Analysis page.