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Tian An China Investments Co ( (HK:0028) ) just unveiled an announcement.
Tian An China Investments Co (TACI) has entered into a joint venture agreement through its subsidiary, Shanghai Xinfuli, to participate in a tender for a 50% equity interest in a project company that holds land use rights. This transaction, involving a major investment, has been approved by the shareholders of both TACI and its parent company, Allied Group Limited (AGL), without the need for a general meeting, as per the listing rules. The transaction is expected to impact TACI’s market positioning by expanding its asset base and potential development opportunities.
More about Tian An China Investments Co
Average Trading Volume: 124,120
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.23B
Find detailed analytics on 0028 stock on TipRanks’ Stock Analysis page.