Tianjin Construction Development Group Issues Clarification on Machinery Lease Agreement and Completes Internal Control Review

Reuters
2025/07/09
Tianjin Construction Development Group Issues Clarification on Machinery Lease Agreement and Completes Internal Control Review

Tianjin Construction Development Group Co. Ltd. has issued a further supplemental announcement regarding connected transactions related to a Machinery Lease Agreement with Jiangshengyuan Machinery, initially entered into in 2024. This clarification comes as part of their internal control review, highlighting the previous oversight of not recognizing Jiangshengyuan Machinery as a connected person. The company has conducted training to ensure compliance with the Hong Kong Listing Rules, with satisfactory results from their assessment of directors and staff.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tianjin Construction Development Group Co. Ltd. published the original content used to generate this news brief on July 09, 2025, and is solely responsible for the information contained therein.

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