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Tianjin Jinran Public Utilities Co. Ltd. Class H ( (HK:1265) ) has provided an update.
Tianjin Jinran Public Utilities Company Limited has entered into a three‑year gas pipeline lease agreement with its controlling shareholder Jinran China Resources, under which Jinran China Resources will lease the Gangnan and Beihuan gas pipelines for its gas transmission business from 25 December 2025 to 24 December 2028 at an annual rent of RMB7.83 million. The transaction is classified as a continuing connected transaction under Hong Kong listing rules, requiring reporting, announcement and annual review but exempt from independent shareholders’ approval, and it sets out a clear allocation of operational, maintenance and safety responsibilities as well as a first right of refusal for Jinran China Resources should the company decide to dispose of the pipelines, thereby monetising Jinran’s pipeline assets while maintaining regulated transparency and governance safeguards for investors.
More about Tianjin Jinran Public Utilities Co. Ltd. Class H
Tianjin Jinran Public Utilities Company Limited is a PRC-incorporated public utilities provider listed in Hong Kong that owns and operates gas infrastructure assets, including gas transmission pipelines. The company focuses on supplying and transmitting natural gas in Tianjin, leveraging long-term infrastructure investments and cooperation with its controlling shareholder Jinran China Resources to support regional gas distribution and related public utility services.
YTD Price Performance: -1.65%
Average Trading Volume: 920,476
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$329.2M
See more insights into 1265 stock on TipRanks’ Stock Analysis page.