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Chinese People Holdings Co. Ltd. ( (HK:0681) ) has issued an update.
Chinese People Holdings Co. Ltd. announced that its subsidiary, Chongqing Civigas Co, Ltd, has entered into an agreement to acquire pipeline gas transmission and distribution assets from Chongqing Tongnan District Huimin Gas Co, Ltd. for RMB23,800,000. This acquisition, classified as a discloseable transaction under the Hong Kong Listing Rules, involves assets located in Tongnan District, Chongqing, and is expected to enhance the company’s operational capabilities in the region.
More about Chinese People Holdings Co. Ltd.
Chinese People Holdings Co. Ltd. is a company incorporated in Bermuda, operating in the energy sector with a focus on gas transmission and distribution. The company, along with its subsidiaries, engages in the provision of pipeline gas services, covering pipeline networks, gas facilities, and related equipment.
YTD Price Performance: 11.54%
Average Trading Volume: 3,110,535
Technical Sentiment Signal: Hold
Current Market Cap: HK$259.1M
Learn more about 0681 stock on TipRanks’ Stock Analysis page.