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Sichuan Energy Investment Development Co., Ltd. Class H ( (HK:1713) ) just unveiled an announcement.
Sichuan Energy Investment Development Co., Ltd. has entered into a subcontracting agreement with Sun Technology for the construction of an information system project valued at RMB11,873,557. This project involves developing smart building systems and relocating existing systems for the Xingwen County Comprehensive Information Dispatch Center Building. The transaction is classified as a connected transaction under the Hong Kong Stock Exchange Listing Rules due to Sun Technology’s association with a controlling shareholder of the company. The agreement is subject to reporting requirements but is exempt from circular and independent shareholder approval, indicating a streamlined process for project execution.
More about Sichuan Energy Investment Development Co., Ltd. Class H
Sichuan Energy Investment Development Co., Ltd. operates in the energy sector, primarily focusing on investment and development within the energy industry. The company is involved in various energy-related projects and services, enhancing infrastructure and technological capabilities in the region.
YTD Price Performance: -0.80%
Average Trading Volume: 2,025
Technical Sentiment Signal: Sell
Current Market Cap: €282.9M
For a thorough assessment of 1713 stock, go to TipRanks’ Stock Analysis page.