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Power Assets Holdings ( (HK:0006) ) has shared an announcement.
Power Assets Holdings announced that its Service Providers have become indirect wholly-owned subsidiaries of CK William, making the transactions under the O&M Service Agreements with the AGN Group continuing connected transactions. These agreements, which involve the management of gas distribution networks in Australia, are subject to reporting and annual review requirements but are exempt from independent shareholders’ approval. The service fees include a management fee based on revenue and an incentive bonus for meeting performance targets.
The most recent analyst rating on (HK:0006) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Power Assets Holdings stock, see the HK:0006 Stock Forecast page.
More about Power Assets Holdings
Power Assets Holdings is involved in the energy sector, focusing on the operation and management of gas distribution networks and pipelines. The company operates primarily in Australia, providing services such as day-to-day management, engineering, construction, meter reading, and customer management.
YTD Price Performance: 1.50%
Average Trading Volume: 3,115,166
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$110.9B
See more insights into 0006 stock on TipRanks’ Stock Analysis page.