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Jilin Province Chuncheng Heating Company Limited Class H ( (HK:1853) ) has provided an announcement.
Jilin Province Chuncheng Heating Company Limited has announced major and connected transactions involving the acquisition of heat production assets from its controlling shareholder group. The acquisitions, which are subject to reporting, announcement, and shareholder approval requirements, are part of a strategic move to consolidate assets used for heat production. These transactions are significant as they exceed certain percentage ratios under the Listing Rules, indicating a major transaction for the company, and involve connected transactions due to relationships with the controlling shareholder.
More about Jilin Province Chuncheng Heating Company Limited Class H
Jilin Province Chuncheng Heating Company Limited is a joint stock limited liability company incorporated in China, operating in the heating industry. The company focuses on heat production and distribution, serving the heating needs of various regions in China.
Average Trading Volume: 114,629
Technical Sentiment Signal: Sell
Current Market Cap: HK$634.7M
See more data about 1853 stock on TipRanks’ Stock Analysis page.