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Tianjin Capital Environmental Protection Group Co Expands Infrastructure Projects with New Heat Supply Agreement

Story Highlights
  • Tianjin Capital Environmental Protection Group Co approved a new heat supply agreement for Zexi Park Community.
  • The company’s transactions are classified as connected under Hong Kong Listing Rules, requiring reporting but not shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianjin Capital Environmental Protection Group Co Expands Infrastructure Projects with New Heat Supply Agreement

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The latest announcement is out from Tianjin Capital Environmental Protection Group Co ( (HK:1065) ).

Tianjin Capital Environmental Protection Group Co announced the approval of a new agreement for auxiliary heat supply services at Zexi Park Community, involving its subsidiary Tianjin Jiayuankaichuang and Tianjin Chengze. The company has been actively engaging in similar agreements over the past year, including water meter installations and heat supply network construction, highlighting its strategic focus on community infrastructure projects. The transactions are classified as connected transactions under the Hong Kong Listing Rules, with certain reporting requirements but exempt from independent shareholder approval.

The most recent analyst rating on (HK:1065) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on Tianjin Capital Environmental Protection Group Co stock, see the HK:1065 Stock Forecast page.

More about Tianjin Capital Environmental Protection Group Co

Tianjin Capital Environmental Protection Group Co is a company based in the People’s Republic of China, operating in the environmental protection industry. It is involved in providing services related to heat supply and water recycling, focusing on infrastructure projects within communities.

YTD Price Performance: 18.81%

Average Trading Volume: 864,750

Technical Sentiment Signal: Buy

Current Market Cap: HK$9.2B

Learn more about 1065 stock on TipRanks’ Stock Analysis page.

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