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Harbin Electric Co. Ltd. Class H ( (HK:1133) ) just unveiled an announcement.
Harbin Electric has renewed its New Products and Services Framework Agreement with its controlling shareholder, Harbin Electric Corporation (HE), covering cross-provision of products and services between the listed group and HE’s unlisted subsidiaries. Effective after the expiry of the existing framework on 31 December 2025, the renewed agreement maintains roughly the same terms, setting annual caps of RMB100 million for product sales to the unlisted HE group, RMB500 million for product purchases from it, RMB10 million for services provided by the listed group, and RMB230 million for services received, all to be conducted at fair market prices and on normal commercial terms. As HE holds about 69.79% of Harbin Electric’s share capital, these arrangements constitute continuing connected transactions under Hong Kong Listing Rules, requiring reporting, announcement and annual review but exempting the company from issuing a circular and seeking independent shareholders’ approval, thereby providing regulatory clarity while preserving operational and supply-chain continuity with its controlling shareholder group.
The most recent analyst rating on (HK:1133) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Harbin Electric Co. Ltd. Class H stock, see the HK:1133 Stock Forecast page.
More about Harbin Electric Co. Ltd. Class H
Harbin Electric Co. Ltd. Class H is a PRC-incorporated joint stock company listed in Hong Kong, operating in the power equipment and related industrial products sector. The company engages in the manufacture and sale of power-related products and the provision of associated services, serving both its controlling shareholder group and external customers in the wider power and industrial markets.
Average Trading Volume: 7,167,505
Technical Sentiment Signal: Buy
Current Market Cap: HK$38.17B
For an in-depth examination of 1133 stock, go to TipRanks’ Overview page.