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An update from Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H ( (HK:1635) ) is now available.
Shanghai Dazhong Public Utilities (Group) Co., Ltd., through its subsidiary Shanghai Dazhong Run Logistics Delivery, is deepening its role in Shanghai’s gas logistics market by handling delivery and drayage of LPG cylinders in Qingpu District. The arrangement aligns with the group’s broader focus on integrated public utility services and gas-related operations in the city.
The company announced that Shanghai Qingpu Gas has engaged Dazhong Logistics Delivery to provide uniform automobile-based delivery and drayage services for its LPG cylinders in Qingpu, with service fees paid by Shanghai Qingpu Gas. As the counterparties are associates of a substantial shareholder, the deal is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting, annual review and announcement requirements but exempting it from circular and independent shareholders’ approval, thus formalizing intra-group cooperation while keeping compliance obligations relatively light.
The most recent analyst rating on (HK:1635) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H stock, see the HK:1635 Stock Forecast page.
More about Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
Shanghai Dazhong Public Utilities (Group) Co., Ltd. operates in the public utilities and energy services sector in China, with activities including gas distribution and related logistics in Shanghai. Through its subsidiaries, the group provides gas supply and transportation services that support urban energy infrastructure and consumer use of liquefied petroleum gas in local districts.
Average Trading Volume: 35,041,506
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.68B
See more insights into 1635 stock on TipRanks’ Stock Analysis page.