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Tianneng Power Revises Supply Agreement Amid Growing Demand

Story Highlights
  • Tianneng Power announces a new supply agreement with Zhejiang Changtong for 2025-2027.
  • The agreement revises purchase caps and extends the term, requiring shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianneng Power Revises Supply Agreement Amid Growing Demand

Elevate Your Investing Strategy:

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

Tianneng Power International Limited has announced a new 2025-2027 Mutual Supply Agreement with Zhejiang Changtong, superseding the previous 2024-2026 agreement due to anticipated increased demand. The new agreement extends the term to the end of 2027 and revises the annual caps for purchase transactions, which will require independent shareholders’ approval due to exceeding certain thresholds under Hong Kong’s Listing Rules.

More about Tianneng Power International

Tianneng Power International Limited is a company incorporated in the Cayman Islands, primarily engaged in the energy industry. The company focuses on the production and supply of power-related products and services.

YTD Price Performance: 1.53%

Technical Sentiment Signal: Sell

Current Market Cap: $986.8M

For an in-depth examination of 0819 stock, go to TipRanks’ Stock Analysis page.

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