Tianjin Capital Environmental Protection Transfers Ownership of Hong Kong Unit to Controlling Shareholder

MT Newswires Live

2024-12-18

Tianjin Capital Environmental Protection (HKG:1065, SHA:600874) will sell the entire stake in its Hong Kong unit to controlling shareholder Tianjin Municipal Investment for about 30 million yuan, according to a Wednesday filing with the Hong Kong exchange.

Upon completion, Tianjin Municipal Investment will take control of Tianjin Capital Environmental Protection (Hong Kong). The Hong Kong unit will no longer be a subsidiary of the company.

Shares of the company jumped 2% in Shanghai during Wednesday's morning trading.

Price (HKD): $3.23, Change: $+0.030, Percent Change: +0.94%

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