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Technovator International ( (HK:1206) ) just unveiled an update.
Technovator International has entered into a supplemental agreement with its controlling shareholder Tsinghua Tongfang Co. Ltd. (THTF) to revise pricing terms under existing business arrangements covering its intelligent rail transit, building and urban heating network operations. The new terms require prices for sales and procurement contracts involving THTF to be benchmarked against ranges agreed with third-party customers or against at least two comparable market transactions over the past 12 months, while all other terms and annual caps remain unchanged; the board, excluding independent non-executive directors who will opine after receiving independent advice, believes the revisions are fair and in shareholders’ interests. The company will convene two extraordinary general meetings on 28 January 2026 in Hong Kong to seek shareholder approval for the amended 2025 agreements as well as previously announced trust loan and intellectual property pledge arrangements, and will temporarily close its register of members from 23 to 28 January 2026 to determine voting entitlements, signaling a key governance step in formalizing these connected transaction frameworks.
The most recent analyst rating on (HK:1206) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Technovator International stock, see the HK:1206 Stock Forecast page.
More about Technovator International
Technovator International Limited is a Singapore-incorporated company listed in Hong Kong that, through subsidiaries including Technovator Beijing and Tongfang Energy Saving, operates in intelligent rail transit, building energy management and urban heating network businesses, with a focus on providing related products and services in these infrastructure and energy-saving segments.
Average Trading Volume: 478,053
Technical Sentiment Signal: Buy
Current Market Cap: HK$305.1M
For an in-depth examination of 1206 stock, go to TipRanks’ Overview page.