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Binhai Investment Co. Engages Tianjin Water Engineering for Construction Services

Story Highlights
  • Binhai Investment Co. has partnered with Tianjin Water Engineering for construction services until 2027.
  • The agreement requires compliance with Hong Kong Stock Exchange’s Listing Rules due to connected transaction status.
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Binhai Investment Co. Engages Tianjin Water Engineering for Construction Services

The latest announcement is out from Binhai Investment Co ( (HK:2886) ).

Binhai Investment Co., through its wholly-owned subsidiary BHI Tianjin, has entered into a Construction Works Agreement with Tianjin Water Engineering Group. This agreement, effective from March 10, 2025, to December 31, 2027, involves Tianjin Water Engineering providing construction services, including municipal, architectural, and pipeline works, to BHI Tianjin Group. The transactions under this agreement are classified as continuing connected transactions due to the relationship between the involved parties, necessitating compliance with specific reporting and approval requirements under the Hong Kong Stock Exchange’s Listing Rules. A special general meeting will be convened to seek independent shareholders’ approval for the agreement and its associated transactions.

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