tiprankstipranks
Trending News
More News >

CIMC Revises Annual Cap for Connected Transactions with SIPG

Story Highlights
CIMC Revises Annual Cap for Connected Transactions with SIPG

Confident Investing Starts Here:

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

China International Marine Containers (Group) Co., Ltd. has entered into a New Goods and Services Framework Agreement with SIPG Group to revise the proposed annual cap for continuing connected transactions for the years 2025, 2026, and 2027. This decision comes in response to recent market conditions and transaction needs, as the original cap under the existing agreement is deemed insufficient. The new agreement, approved by the company’s board, aligns with Hong Kong Listing Rules and is intended to better meet future transaction demands, ensuring fair and reasonable terms for the company and its stakeholders.

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 engaged in the manufacturing and sale of marine containers. The company operates within the logistics and transportation industry, focusing on providing goods and services related to container production and management.

Average Trading Volume: 4,374,052

Technical Sentiment Signal: Buy

Current Market Cap: HK$38.78B

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