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Tianjin Jinran Public Utilities Co. Ltd. Class H ( (HK:1265) ) has issued an announcement.
Tianjin Jinran Public Utilities Company Limited has issued a supplemental announcement detailing the valuation methodology and internal controls for its continuing connected transactions under a gas pipeline lease agreement with Jinran China Resources. The annual rent was derived using an income approach based on a 5.3347% rate of return, the replacement cost and remaining economic life of the gas pipelines, and other factors such as construction and installation costs, capital costs, tax considerations, and the book value and years of usage of the assets. The company also outlined a structured internal control framework, including scheduled annual rent payments through 2027, yearly payment reminders, monthly account reconciliations, and quarterly reviews by the finance and legal compliance departments to monitor adherence to contractual terms and listing rule requirements, particularly if additional pipeline leases are entered into in future.
The most recent analyst rating on (HK:1265) stock is a Sell with a HK$0.17 price target. To see the full list of analyst forecasts on Tianjin Jinran Public Utilities Co. Ltd. Class H stock, see the HK:1265 Stock Forecast page.
More about Tianjin Jinran Public Utilities Co. Ltd. Class H
Tianjin Jinran Public Utilities Company Limited is a PRC-incorporated gas utility company listed in Hong Kong, engaged in the construction, operation and leasing of gas pipeline infrastructure, serving the urban gas distribution market in Tianjin and surrounding areas.
Average Trading Volume: 358,297
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$338.4M
For an in-depth examination of 1265 stock, go to TipRanks’ Overview page.