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Chongqing Machinery & Electric Co. Ltd. Class H ( (HK:2722) ) has shared an update.
Chongqing Machinery & Electric Co., Ltd. has renewed several key agreements with its Parent Company, extending them from 2026 to 2028. These include the Master Sales, Supplies, and Leasing Agreements, which cover the sale of materials and products, supply of intelligent equipment, and leasing of land and buildings. Additionally, the company has entered into a new Group Financial Services Framework Agreement with its Finance Company to continue receiving financial services, subject to shareholder approval. These renewals ensure continuity in operations and strengthen the company’s strategic partnerships, potentially impacting its market positioning and stakeholder relations positively.
More about Chongqing Machinery & Electric Co. Ltd. Class H
Chongqing Machinery & Electric Co., Ltd. is a joint stock limited company based in China, operating in the machinery and electric equipment industry. The company is involved in the production and sale of power generation equipment, control valves, steering system parts, gears, clutches, electric cables, and other related products. It also provides intelligent equipment and industry services such as transport and storage.
YTD Price Performance: 5.00%
Average Trading Volume: 17,241
Technical Sentiment Signal: Sell
Current Market Cap: €349.9M
Learn more about 2722 stock on TipRanks’ Stock Analysis page.
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