Tianjin Capital Unit Wins RMB10.3 Million Heat Supply Contract in Connected Deal for Tianjin Project

Tianjin Capital Environmental Protection Group Co ( (HK:1065) ) just unveiled an update.

Tianjin Capital Environmental Protection Group Co has approved a new connected transaction under which its wholly owned subsidiary Tianjin Jiayuanshengchuang will provide auxiliary heat supply equipment and installation services for the Houtai Lot C (Phase I and II) residential project in Zhongbei Town, Xiqing District, Tianjin, for a contract value of RMB10.31 million including tax. Together with an earlier reclaimed water networks contract for the same project signed by another group subsidiary, the deals are classified as connected transactions with an associate of the group’s ultimate controlling shareholder, Tianjin Infrastructure Construction, and must be aggregated under Hong Kong listing rules; while the water contract is fully exempt due to its small size, the combined transactions exceed the 0.1% threshold but remain below 5%, triggering reporting and announcement obligations without requiring independent shareholders’ approval.

The most recent analyst rating on (HK:1065) stock is a Buy with a HK$5.00 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 PRC-based environmental services company focused on urban infrastructure, including water recycling, reclaimed water networks and auxiliary utility systems. Through its subsidiaries, it undertakes construction and operation of environmental and municipal projects that support residential and public housing developments in Tianjin and other regions.

YTD Price Performance: 34.69%

Average Trading Volume: 6,644,327

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$9.61B

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