Binhai Investment's (HKG:2886) unit Binhai Investment (Tianjin) agreed to engage Tianjin Water Engineering Group for the provision of certain construction services, a Monday Hong Kong bourse filing said.
Under the agreement, Tianjin Water Engineering Group will provide construction services for municipal works, architectural works, and pipeline works to the Binhai Investment's (Tianjin) group.
The term of the contract starts from the date of relevant approvals by the board and independent shareholders and will expire on Dec. 31, 2027.
The annual caps are set as 106.1 million yuan for 2025, 337.9 million yuan for 2026, and 255.2 million yuan for 2027.
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