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An update from Hengxin Technology Ltd. ( (HK:1085) ) is now available.
Hengxin Technology’s indirect non-wholly owned subsidiary Qinghai Zhongkong has signed a RMB120 million construction consultation service contract with Cosin Solar for the Qinghai Project, under which Cosin Solar will provide technical support and project management-related services for the project’s construction. Because Cosin Solar is deemed a connected person at the subsidiary level through overlapping shareholdings and directorships, the deal is classified as a connected and discloseable transaction under Hong Kong Listing Rules, but, having been approved by the board and considered fair, reasonable and on normal commercial terms, it is subject only to reporting and announcement requirements and is exempt from independent financial advice and independent shareholders’ approval.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
More about Hengxin Technology Ltd.
Hengxin Technology Ltd., incorporated in Singapore and listed in Hong Kong, operates through subsidiaries in the new energy and related infrastructure sectors, with activities including project development and technical services for large-scale energy projects in mainland China.
Average Trading Volume: 205,824
Technical Sentiment Signal: Sell
Current Market Cap: HK$619.2M
See more data about 1085 stock on TipRanks’ Stock Analysis page.