Tianjin Port Development Holdings (HK:3382) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Tianjin Port Development Holdings’ subsidiary, Yuanhang International Co, has entered into a connected transaction to acquire four portal cranes from Jinan Heavy Equipment Co for RMB71.9 million. This strategic purchase, determined through a competitive bidding process, underscores the company’s commitment to enhancing its operational capabilities. The transaction, while significant, remains under specific reporting guidelines, exempting it from broader shareholder approval.
For further insights into HK:3382 stock, check out TipRanks’ Stock Analysis page.
