Tianjin Port Development Holdings (HK:3382) has released an update.
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Tianjin Port Development Holdings has announced a connected transaction involving a RMB14,345,000 renovation agreement with Jinan Heavy Equipment Co, a subsidiary of its controlling shareholder. This agreement, which was awarded through an open bidding process, involves the upgrade of quay cranes and related services, highlighting the company’s strategic infrastructure improvements. The transaction is subject to reporting and announcement requirements but does not require independent shareholder approval.
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