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Shimao Services Holdings Limited ( (HK:0873) ) has issued an announcement.
Shimao Services Holdings Limited has provided further details on its previously announced formation of a partnership to invest in and operate a sewage treatment project in Xingcheng City, Huludao, Liaoning Province, China, highlighting the capabilities of its key partner, Huludao Yongsheng. Huludao Yongsheng, ultimately controlled by senior engineer Chen Zhiqiang, is a specialized project management consulting firm with around 100 staff and more than 15 years of hands-on experience in environmental protection engineering and municipal public works, including a track record of 13 government projects and several large-scale sewage treatment plant construction and expansion projects across multiple Chinese cities. By aligning with a partner that has deep technical expertise, strong local government relationships, and a proven project pipeline in sewage and environmental remediation, Shimao Services is positioning this partnership to enhance the execution quality and credibility of its Xingcheng sewage project and potentially strengthen its presence and reputation in China’s fast-developing environmental services and public-utilities infrastructure sector.
The most recent analyst rating on (HK:0873) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Shimao Services Holdings Limited stock, see the HK:0873 Stock Forecast page.
More about Shimao Services Holdings Limited
Shimao Services Holdings Limited is a Hong Kong-listed company that has expanded its business interests into environmental protection and municipal infrastructure services in mainland China, including investments in sewage treatment and ecological environment protection projects aimed at supporting urban and rural public-works development.
Average Trading Volume: 2,784,236
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.68B
Learn more about 0873 stock on TipRanks’ Stock Analysis page.