JY Gas Ltd. (HK:1407) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
JY Gas Limited has announced the renewal of its Subcontracting Framework Agreement with Jiaoyun Property, an associate of its chairman, Mr. Luan Linjiang, for a term from January 2024 to December 2025. This agreement involves Jiaoyun Property providing subcontracting work, including installation and construction related to natural gas supply, with the pricing determined on an arm’s length basis. The transactions fall under the reporting and annual review requirements of the Listing Rules but are exempt from independent shareholder approval.
For further insights into HK:1407 stock, check out TipRanks’ Stock Analysis page.