tiprankstipranks
SIUD Secures Major Consultation Service Deal
Company Announcements

SIUD Secures Major Consultation Service Deal

Shanghai Industrial Urban Development Group Ltd (HK:0563) has released an update.

Don't Miss our Black Friday Offers:

Shanghai Industrial Urban Development Group Ltd’s subsidiary, SIUD Shanghai Construction, has secured a RMB12 million project consultation service agreement with Shanghai Shen-Yu to provide comprehensive management services for the G50 Expressway (Shanghai Section) expansion. The agreement, following a successful tender bid, marks a connected transaction under the Listing Rules, yet requires no independent shareholder approval due to its size relative to the company’s scale.

For further insights into HK:0563 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App