Triumph New Energy Company (HK:1108) has released an update.
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Triumph New Energy Company has entered a contract with International Engineering to provide personnel training and production services for the Fengyang Conch Photovoltaic Integration Phase I Project. The transaction is classified as a connected transaction due to the relationship with the controlling shareholder, but it is exempt from requiring independent shareholders’ approval. This move could signal potential growth opportunities for Triumph New Energy in the renewable energy sector.
For further insights into HK:1108 stock, check out TipRanks’ Stock Analysis page.