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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has provided an announcement.
Shenzhen Investment Holdings Bay Area Development Company has entered into agreements for mechanical and electrical engineering construction works related to the Approved Road Section R&E Project. The contracts, awarded after a competitive bidding process, involve Guangdong Xinyue and Beijing GK Feida with contract prices of RMB422,290,446 and RMB288,964,259 respectively. These transactions are classified as discloseable and connected transactions under the Hong Kong Listing Rules, requiring notification and announcement but exempt from circular and shareholder approval requirements. The directors have confirmed that the terms are fair, reasonable, and in the company’s interest.
The most recent analyst rating on (HK:0737) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Shenzhen Investment Holdings Bay Area Development Company stock, see the HK:0737 Stock Forecast page.
More about Shenzhen Investment Holdings Bay Area Development Company
Average Trading Volume: 190,616
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.67B
See more data about 0737 stock on TipRanks’ Stock Analysis page.