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Tianjin Port Development Holdings ( (HK:3382) ) has issued an update.
Tianjin Port Development Holdings, through its subsidiary Alliance International Co, has entered into a Renovation Agreement with Jinan Heavy Equipment Co for the upgrade and renovation of four quay cranes. This transaction, valued at RMB29,444,000, is classified as a connected transaction under Hong Kong’s Listing Rules due to the relationship between the companies involved. The renovation project aims to enhance the electronic control, cable coiling, towing, and hydraulic systems of the cranes, with a completion timeline extending to June 2027. The agreement includes comprehensive services such as consultation and after-sale technical support, with payments structured in instalments based on project milestones.
More about Tianjin Port Development Holdings
Average Trading Volume: 2,836,207
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$4.43B
For detailed information about 3382 stock, go to TipRanks’ Stock Analysis page.