Sany Heavy Equipment Renews Connected Deposit Services Deal With Sanxiang Bank
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Sany Heavy Equipment International Holdings Co has renewed its Deposit Services Framework Agreement with Sanxiang Bank, allowing deposits from January 31, 2026, to January 30, 2029. This connected transaction, due to the shareholding structure, complies with Hong Kong Listing Rules and is exempt from independent shareholder approval. The latest analyst rating for Sany Heavy Equipment stock (HK:0631) is a Hold with a price target of HK$8.00. The company operates within the Sany Group, focusing on heavy equipment manufacturing and financial services.
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