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Tianjin Port Development Holdings ( (HK:3382) ) just unveiled an update.
Tianjin Port Development Holdings’ subsidiary Coal Terminal Co has agreed to purchase a new portal crane from Jinan Heavy Equipment Co, a unit of controlling shareholder Tianjin Port Group, for RMB21.49 million including tax, following an open bidding process in which Jinan Heavy Equipment’s proposal ranked highest on technical and commercial criteria. The deal, classified as a connected transaction under Hong Kong listing rules but requiring only reporting and announcement rather than shareholder approval, is expected to enhance Coal Terminal Co’s handling capacity and operational efficiency, with the supplier responsible for delivery, installation, commissioning and quality assurance of the crane within six months of contract effectiveness and payment staged according to construction and installation milestones.
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 operates port and related logistics services, with subsidiaries including Coal Terminal Co that handle bulk cargo operations at Tianjin Port, serving domestic and international trade flows through one of northern China’s key port hubs.
Average Trading Volume: 1,455,898
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.12B
For detailed information about 3382 stock, go to TipRanks’ Stock Analysis page.