tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

CIMC Enters Framework Agreement with Guofeng for Continued Transactions

Story Highlights
CIMC Enters Framework Agreement with Guofeng for Continued Transactions

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

China International Marine Containers (Group) Co., Ltd Class H ( (HK:2039) ) has provided an announcement.

China International Marine Containers (Group) Co., Ltd. has entered into a Framework Agreement with Guofeng for continuing connected transactions from 2025 to 2027, involving sales of goods and services like tank containers and AS/RS, and procurement of foaming materials. The agreement, approved by the Board and independent non-executive Directors, complies with Hong Kong Listing Rules, requiring only reporting and annual review, and is exempt from more stringent requirements. This move signifies ongoing collaboration with Guofeng, a substantial shareholder, and aligns with the company’s business strategy.

More about China International Marine Containers (Group) Co., Ltd Class H

China International Marine Containers (Group) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily involved in the manufacturing and sales of tank containers and automated storage and retrieval systems (AS/RS), as well as providing container maintenance services. The company operates in the marine container industry and engages in transactions involving procurement of foaming materials.

Average Trading Volume: 4,178,642

Technical Sentiment Signal: Buy

Current Market Cap: HK$46.54B

For detailed information about 2039 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1