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Xinjiang Tianye Announces Delay in Dispatch of Transaction Circular

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Xinjiang Tianye Announces Delay in Dispatch of Transaction Circular

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Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H ( (HK:0840) ) has shared an announcement.

Xinjiang Tianye Water Saving Irrigation System Co., Ltd. announced a further delay in the dispatch of a circular related to a major transaction and connected transaction, involving the formation of a joint venture and the disposal of target equity through a contribution in kind. The delay is due to the need for additional time to compile the necessary information, with the new expected dispatch date set on or before 14 March 2025. This postponement might impact stakeholders’ planning and the company’s strategic positioning in the market.

More about Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H

Xinjiang Tianye Water Saving Irrigation System Co., Ltd. operates in the water-saving irrigation industry, focusing on developing and providing advanced irrigation systems. The company is based in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 6.67%

Average Trading Volume: 62,571

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$116.4M

For a thorough assessment of 0840 stock, go to TipRanks’ Stock Analysis page.

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