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Tianneng Power Enters Strategic Agreements with Eight Banks

Story Highlights
  • Tianneng Power’s subsidiary signed agreements with eight banks for investment cooperation.
  • The agreements involve significant financial transactions, requiring disclosure under listing rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianneng Power Enters Strategic Agreements with Eight Banks

Elevate Your Investing Strategy:

Tianneng Power International ( (HK:0819) ) has shared an announcement.

Tianneng Power International Limited, through its subsidiary Tianneng Holding, has entered into Strategic Cooperation Framework Agreements with eight banks to enhance business cooperation regarding investment products and services. These agreements, each lasting three years, allow Tianneng Holding to engage in transactions with a maximum daily investment balance of RMB700 million per bank. The agreements are considered discloseable transactions under Hong Kong’s Listing Rules, requiring notification and reporting due to their financial significance.

More about Tianneng Power International

Average Trading Volume: 8,425,261

Technical Sentiment Signal: Sell

Current Market Cap: HK$7.15B

For a thorough assessment of 0819 stock, go to TipRanks’ Stock Analysis page.

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