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Harbin Electric Co. Ltd. Class H ( (HK:1133) ) has issued an update.
Harbin Electric Co. Ltd. Class H has entered into a Capital Injection Agreement with Jiamusi Electric and Power Equipment Company, involving a capital injection of RMB140,000,000.00 and RMB483,257,062.92 respectively. This transaction will result in Harbin Electric holding a 39.42% equity interest in Power Equipment Company, a reduction of 9.58%. The transaction is classified as a connected transaction under Chapter 14A of the Listing Rules, requiring an announcement but exempting the company from certain approval requirements.
More about Harbin Electric Co. Ltd. Class H
YTD Price Performance: 142.06%
Average Trading Volume: 5,833,758
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.13B
For detailed information about 1133 stock, go to TipRanks’ Stock Analysis page.