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The latest announcement is out from Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H ( (HK:0840) ).
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. has announced a proposed restructuring involving its controlling shareholder, Xinjiang Tianye Group, and the State-owned Assets Supervision and Administration Commission of Xinjiang Production and Construction Corps 8th Division. The restructuring will see the formation of a new holding company, Xinjiang Tianze Water Conservancy Investment and Development Co., Ltd., with Tianye Group gaining significant control over the new entity. This move is aimed at leveraging Tianye Group’s resources to enhance its position in the water conservancy sector and promote sustainable development.
More about Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. operates in the water conservancy management industry, focusing on irrigation systems. The company is a joint stock limited company incorporated in China and is controlled by Xinjiang Tianye (Group) Limited.
Average Trading Volume: 650,511
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$84.16M
For detailed information about 0840 stock, go to TipRanks’ Stock Analysis page.