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An update from Tianjin Port Development Holdings ( (HK:3382) ) is now available.
Tianjin Port Development Holdings, through its subsidiary Yuanhang International Co, has entered into a connected transaction with Jinan Heavy Equipment Co for the purchase of five portal cranes at a consideration of RMB89,881,260. This transaction is part of a larger agreement with an aggregate consideration of RMB161,780,860, which is subject to reporting and announcement requirements under the Listing Rules but exempt from independent shareholders’ approval. The cranes will be delivered in a ‘3+2’ mode, with the first three delivered initially and the remaining two after testing and operation, with all delivery fees covered by the seller.
More about Tianjin Port Development Holdings
Average Trading Volume: 2,799,709
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.49B
For an in-depth examination of 3382 stock, go to TipRanks’ Overview page.