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Tian Lun Gas Holdings Limited ( (HK:1600) ) has provided an announcement.
Tian Lun Gas Holdings Limited has announced the completion of connected transactions involving property lease and management service agreements in Zhengzhou, China. These transactions, which involve key figures such as Mr. Zhang and his son, Mr. Zhang Daoyuan, as controlling shareholders, pertain to the use and management of properties by Henan Tianlun and Henan Shoukai, subsidiaries of the company. These agreements, recognized under HKFRS 16 as the acquisition of right-of-use assets, are exempt from shareholders’ approval requirements due to specific applicable percentage ratios, suggesting a streamlined operational focus on enhancing their office infrastructure in strategic locations.
More about Tian Lun Gas Holdings Limited
Tian Lun Gas Holdings Limited operates in the energy sector, focusing primarily on the distribution and sale of natural gas. The company is involved in the investment, construction, and management of urban gas pipeline networks and gas fuel stations, with a market focus on urban and rural areas in China.
YTD Price Performance: -7.41%
Average Trading Volume: 1,759,901
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$3.44B
Learn more about 1600 stock on TipRanks’ Stock Analysis page.
