Towngas China Co (HK:1083) has released an update.
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Towngas China Co has amended its Master Engineering Works and Consultation Services Agreement with HKCG, raising the annual cap amounts for the next three years substantially. The adjustment, which remains within regulatory thresholds, means increased receivables for the company but does not necessitate a shareholder vote. This change reflects the company’s evolving business needs and its relationship with its controlling shareholder, HKCG.
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