Binhai Investment Co (DE:WS7A) has released an update.
Binhai Investment Co’s subsidiary, Tianjin Clean Energy, has contracted Tianjin Water Engineering to modify pipelines for a natural gas project in Binhai New Area, with the work valued at RMB3,306,053. The deal is classified as a connected transaction, as Tianjin Water Engineering is associated with the company’s controlling shareholder, TEDA. The construction is expected to be completed within 60 days, financed by the group’s internal resources.
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