The latest update is out from Zhuzhou CRRC Times Electric Co ( (HK:3898) ).
Zhuzhou CRRC Times Electric Co., Ltd. has announced a quarterly review of its continuing connected transactions with CRRC Group Co., Ltd. under a mutual supply framework agreement. This agreement, effective from January 2023 to December 2025, involves the supply of various products and services. The independent non-executive directors of the company have reviewed the transactions for the fourth quarter of 2024, confirming they were conducted in the ordinary course of business, on fair commercial terms, and within the annual cap amounts set for 2024. This review process is part of the company’s corporate governance measures to protect independent shareholders’ interests.
More about Zhuzhou CRRC Times Electric Co
Zhuzhou CRRC Times Electric Co., Ltd. is a company based in China, operating in the transportation equipment manufacturing industry. It specializes in producing and supplying products, parts, and components, as well as technical and management services, primarily for the railway sector.
YTD Price Performance: 5.80%
Technical Sentiment Signal: Sell
Current Market Cap: $6.44B
For detailed information about 3898 stock, go to TipRanks’ Stock Analysis page.