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Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H ( (HK:0840) ) just unveiled an announcement.
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. has completed a restructuring of its controlling shareholder. The restructuring involves the transfer of a 38.40% equity interest from the 8th Division SASAC to Tianye Group, enabling Tianye Group to exercise 51.00% of the voting rights in the New Holdco. This change positions the New Holdco as a subsidiary of Tianye Group, with its financial statements consolidated into Tianye Group’s accounts, while the 8th Division SASAC remains the ultimate beneficial controller.
More about Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. operates in the irrigation industry, focusing on water-saving irrigation systems. The company is based in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 361,538
Technical Sentiment Signal: Buy
Current Market Cap: HK$103.9M
For detailed information about 0840 stock, go to TipRanks’ Stock Analysis page.