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Tianjin Port Development Holdings ( (HK:3382) ) just unveiled an update.
Tianjin Port Development Holdings, through its subsidiary First Company, has entered into a Sale and Purchase Agreement with Jinan Heavy Equipment Co for the acquisition of a portal crane valued at RMB15,693,290. This transaction is considered a connected transaction under Hong Kong’s Listing Rules due to the relationship between the parties. The purchase includes comprehensive services such as installation, testing, and warranty, and is structured to be paid in installments based on delivery and installation progress. This strategic acquisition is expected to enhance the operational capabilities of Tianjin Port Development Holdings, potentially impacting its market position positively.
More about Tianjin Port Development Holdings
Tianjin Port Development Holdings is a company incorporated in the Cayman Islands, primarily involved in port operations and related services. It is part of the Tianjin Port Group Co, which is its controlling shareholder.
Average Trading Volume: 2,799,709
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.49B
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