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JH Educational Technology INC. Secures Major Construction Contracts

Story Highlights
  • JH Educational Technology INC. has secured construction contracts worth RMB825,631,614.70.
  • Shareholder approval obtained for major transactions under Listing Rules without a general meeting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JH Educational Technology INC. Secures Major Construction Contracts

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JH Educational Technology INC. ( (HK:1935) ) has shared an announcement.

JH Educational Technology INC. has entered into major construction contracts with a contractor to build teaching and training buildings, public buildings, and faculty apartments and dormitories for the College of Economics and Business. The total consideration for these construction projects amounts to RMB825,631,614.70. This transaction is classified as a major transaction under the Listing Rules, requiring shareholder approval, which has been obtained from shareholders holding 74.96% of the company’s issued share capital. The decision not to hold a general meeting was made as no shareholder has a material interest that would necessitate abstention from voting.

More about JH Educational Technology INC.

YTD Price Performance: 3.85%

Average Trading Volume: 75,209

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$1.3B

See more insights into 1935 stock on TipRanks’ Stock Analysis page.

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