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An update from Datang Environment Industry Group Co., Ltd. Class H ( (HK:1272) ) is now available.
Datang Environment Industry Group has agreed to dispose of all assets under the Water Management Centre Project of Yan’an Thermal Power Plant to Datang Yan’an Thermal Power Plant for RMB57.81 million, with the tax-exclusive transfer price based on an independent valuation of RMB51.16 million. The transaction, conducted at arm’s length between the group’s water engineering subsidiary branch and a related Datang power entity, is classified as a connected transaction under Hong Kong listing rules, triggering reporting and announcement requirements but exempting the company from issuing a circular and seeking independent shareholder approval, thereby streamlining execution while maintaining regulatory disclosure standards for stakeholders.
More about Datang Environment Industry Group Co., Ltd. Class H
Datang Environment Industry Group Co., Ltd. is a PRC-incorporated company focused on environmental engineering and related services for the power sector, including water engineering projects tied to thermal power plants. The group operates through subsidiaries and branches that develop, construct and manage environmental and water management assets serving affiliated power generation entities.
Average Trading Volume: 198,269
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.41B
For detailed information about 1272 stock, go to TipRanks’ Stock Analysis page.