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Tianjin Port Development Unit Awards RMB31.9 Million Intelligent Monitoring Platform to Connected Party

Story Highlights
  • Tianjin Port Development’s unit Wuze Logistics will build a hazardous chemicals intelligent monitoring platform via a RMB31.87 million turnkey contract.
  • The connected transaction with Tianjin Port Group subsidiary Information Co enhances port safety and control systems while requiring only reporting and announcement under listing rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianjin Port Development Unit Awards RMB31.9 Million Intelligent Monitoring Platform to Connected Party

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Tianjin Port Development Holdings ( (HK:3382) ) just unveiled an announcement.

Wuze Logistics Co, a subsidiary of Tianjin Port Development Holdings, has signed a platform construction agreement with Information Co, a connected party under Tianjin Port Group, to build an intelligent monitoring platform for hazardous chemical containers at Tianjin Port. The turnkey project, valued at RMB31.87 million and running through 31 July 2026, covers system design, equipment procurement, construction, software development, and after-sales services to enhance monitoring, management and safety control capabilities, and is classified as a connected transaction under Hong Kong listing rules, triggering reporting and announcement requirements but exempting the company from circular and independent shareholders’ approval obligations.

The most recent analyst rating on (HK:3382) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Tianjin Port Development Holdings stock, see the HK:3382 Stock Forecast page.

More about Tianjin Port Development Holdings

Tianjin Port Development Holdings, through subsidiaries such as Wuze Logistics Co, operates in port-related logistics and infrastructure services, focusing on container operations and associated technology and management systems at Tianjin Port in China.

Average Trading Volume: 1,455,898

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.12B

For a thorough assessment of 3382 stock, go to TipRanks’ Stock Analysis page.

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