tiprankstipranks
Trending News
More News >

Zonqing Environmental Enters Subcontracting Agreement with ZIHG

Story Highlights
  • Zonqing announces a new subcontracting framework with ZIHG for construction services.
  • The agreement is a continuing connected transaction, exempt from shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zonqing Environmental Enters Subcontracting Agreement with ZIHG

Don’t Miss TipRanks’ Half-Year Sale

An update from Zonqing Environmental Limited ( (HK:1855) ) is now available.

Zonqing Environmental Limited, a company involved in environmental services and construction, has announced a new subcontracting framework agreement with ZIHG. This agreement pertains to construction works services and is scheduled to run from January 17, 2025, to December 31, 2025. As ZIHG is a connected entity, this transaction is classified as a continuing connected transaction but is exempt from the independent shareholders’ approval due to the applicable percentage ratios. This strategic move is expected to streamline operations and enhance the company’s service offerings in the construction sector.

More about Zonqing Environmental Limited

YTD Price Performance: -9.18%

Average Trading Volume: 827,070

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$5.36B

For a thorough assessment of 1855 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1