IRICO Group New Energy Co. Ltd. Class H (HK:0438) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
IRICO Group New Energy Co. Ltd.’s subsidiary, Hefei Photovoltaic, has entered into a three-year equipment lease agreement with Industrial Intelligent, a connected entity, at a monthly rate of RMB373,946.17. This transaction, categorized as a connected transaction under Hong Kong’s Listing Rules, involves leasing power supply and distribution equipment critical for Hefei Photovoltaic’s operations. The agreement is subject to reporting requirements but does not require independent shareholder approval.
For further insights into HK:0438 stock, check out TipRanks’ Stock Analysis page.