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

Reuters
Jul 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.

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