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The latest announcement is out from Tianjin Port Development Holdings ( (HK:3382) ).
Tianjin Port Development Holdings has announced a revision of its annual caps for continuing connected transactions under the 2023 Labour Framework Agreement with Tianjin Port Group. The revision is due to anticipated increases in transaction amounts for the years ending 2025 and 2026, driven by expected business growth and increased labor demand from Tianjin Port Group Companies. The revised caps reflect a significant increase from previous estimates, influenced by factors such as historical transaction data, projected labor demand, and anticipated market wage increases.
More about Tianjin Port Development Holdings
Tianjin Port Development Holdings operates in the logistics and port services industry, primarily providing labor services to companies within the Tianjin Port Group. The company is focused on supporting the operational needs of its controlling shareholder, Tianjin Port Group, which holds a significant stake in the company.
Average Trading Volume: 2,799,709
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.49B
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