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Zhuzhou CRRC Times Electric Co ( (HK:3898) ) has issued an announcement.
Zhuzhou CRRC Times Electric Co has entered into a new agreement with Qingdao Company for the period 2026-2028, following the expiration of their previous agreement. This new mutual supply agreement involves the exchange of products and services, including electrical systems and components, between the two companies. The transactions are classified as continuing connected transactions under the Hong Kong Stock Exchange’s Listing Rules, subject to specific reporting and review requirements. This agreement is expected to maintain the company’s operational synergy with Qingdao Company, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (HK:3898) stock is a Buy with a HK$44.00 price target. To see the full list of analyst forecasts on Zhuzhou CRRC Times Electric Co stock, see the HK:3898 Stock Forecast page.
More about Zhuzhou CRRC Times Electric Co
Zhuzhou CRRC Times Electric Co is a company incorporated in the People’s Republic of China, primarily involved in the supply of electrical systems and components. The company focuses on providing technical, after-sale, and management services, as well as facilities for research, development, production, and testing purposes.
YTD Price Performance: 23.86%
Average Trading Volume: 2,913,008
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$66.72B
See more insights into 3898 stock on TipRanks’ Stock Analysis page.