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Tat Hong Equipment Service Co. Ltd. ( (HK:2153) ) has shared an announcement.
Tat Hong Equipment Service Co., Ltd. announced a discloseable transaction involving its subsidiary, Huaxing Tat Hong, entering into a purchase agreement with China Nuclear Industry for 76 tower cranes and ancillary parts, valued at approximately RMB53.17 million. This transaction, which exceeds a 5% applicable percentage ratio, is subject to reporting and announcement requirements under Hong Kong’s Listing Rules. The purchase agreement terms were negotiated based on the reputation of China Nuclear Industry, the quality of the machines, and market prices, and the payment will be offset against future lease service fees.
More about Tat Hong Equipment Service Co. Ltd.
Tat Hong Equipment Service Co., Ltd. operates in the construction equipment industry, primarily providing tower crane solution services. Its subsidiary, Huaxing Tat Hong, is involved in the purchase of construction machinery.
Average Trading Volume: 214,480
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.28B
For an in-depth examination of 2153 stock, go to TipRanks’ Overview page.