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Tianjin Capital Environmental Protection Group Co ( (HK:1065) ) has shared an update.
Tianjin Capital Environmental Protection Group has approved a new Heat Supply Secondary Network Agreement for the Houtai Lot C residential development in Tianjin, under which wholly owned unit Tianjin Jiayuanshengchuang will design and construct secondary heat supply network facilities for Phases I and II. Earlier in March, another subsidiary, Water Recycling Company, was engaged by fellow Tianjin Infrastructure Construction unit Tianjin Chengzhu to procure, install and maintain reclaimed water meters for the same project.
Because Tianjin Chengzhu is an associate of the group’s ultimate controlling shareholder, these heat supply and reclaimed water contracts are classified as connected transactions under Hong Kong listing rules and must be aggregated for compliance purposes. The combined deal size keeps all applicable percentage ratios below 5%, meaning the transactions require reporting and announcement but are exempt from independent shareholders’ approval, signalling regulatory transparency while enabling the group to deepen its role in Tianjin’s residential utility infrastructure build‑out.
The most recent analyst rating on (HK:1065) stock is a Buy with a HK$4.50 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 mainland Chinese utility and environmental services provider focused on water recycling, reclaimed water systems and related municipal infrastructure. Through subsidiaries such as Tianjin Jiayuanshengchuang and Water Recycling Company, it undertakes design, construction and operation of water and heat supply networks for new residential and public housing projects in Tianjin.
Average Trading Volume: 1,284,947
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$10.11B
See more data about 1065 stock on TipRanks’ Stock Analysis page.