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Sinopec Kantons Holdings ( (HK:0934) ) has provided an update.
Sinopec Kantons Holdings Limited announced a connected transaction involving an Information Technology Project Framework Master Agreement with PCITC. This agreement outlines the provision of IT services, including the development of an integrated management platform and an IoT platform for intelligent storage tanks. The transaction is subject to reporting requirements due to its classification as a connected transaction under Hong Kong’s Listing Rules, but it is exempt from independent shareholder approval.
More about Sinopec Kantons Holdings
Sinopec Kantons Holdings Limited operates in the energy sector, focusing on oil storage and logistics services. The company is a subsidiary of Sinopec Corp., which is a major player in the global energy market.
Average Trading Volume: 1,804,522
Current Market Cap: HK$10.99B
For detailed information about 0934 stock, go to TipRanks’ Stock Analysis page.