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Kingland Group Holdings Limited ( (HK:1751) ) has shared an update.
Kingland Group Holdings Limited has announced that its PRC subsidiary Guangdong Fengxin Water Conservancy and Hydropower Engineering Co., Ltd. has signed a RMB78.3 million engineering contracting agreement with Shenzhen Shengshi Environmental Technology Co., Ltd. for Phase II construction of an industrial waste gas power generation project with an installed capacity of 60MW for Sunite Right Banner Xinmeng New Materials Co., Ltd. The company describes the project as one of the largest single-unit industrial waste gas internal combustion engine power generation projects globally and views it as a key milestone in expanding its domestic engineering business and paving the way for future entry into overseas wellhead gas power projects over 100MW, with expectations of a positive contribution to its financial performance and operational results.
The most recent analyst rating on (HK:1751) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Kingland Group Holdings Limited stock, see the HK:1751 Stock Forecast page.
More about Kingland Group Holdings Limited
Kingland Group Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries in the engineering and infrastructure sector, including water conservancy and hydropower engineering. The Group is expanding its presence in domestic industrial and energy-related engineering projects, positioning itself to participate in large-scale power generation developments that utilise waste and associated gases.
Average Trading Volume: 3,857,529
Technical Sentiment Signal: Buy
Current Market Cap: HK$595.1M
Learn more about 1751 stock on TipRanks’ Stock Analysis page.