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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 the termination of a major transaction involving the formation of a joint venture and the disposal of target equity through contribution in kind. The termination agreement, reached with the Eighth Division SASAC, releases all parties from obligations related to the Capital Contribution Agreement without any termination fees. The company stated that this decision will not adversely affect its current business operations or financial condition, and shareholders are advised to exercise caution in dealing with the company’s shares.
More about Xinjiang Tianye Water Saving Irrigation System Co., Ltd. Class H
Xinjiang Tianye Water Saving Irrigation System Co., Ltd. operates in the water conservation industry, focusing on the development and provision of 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: -14.29%
Average Trading Volume: 171,066
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$93.51M
Learn more about 0840 stock on TipRanks’ Stock Analysis page.