Sichuan Energy Investment Signs Connected Design Deal for 2025 Rural Grid Upgrade
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Sichuan Energy Investment Development Co., Ltd. has signed a preliminary design contract for the 2025 Rural Power Grid Consolidation and Improvement Project. A subsidiary will handle the survey and design work, covering extensive upgrades to substations and transmission lines. The project, valued at approximately RMB2.9 million, meets Hong Kong's connected-transaction disclosure requirements but does not require independent shareholder approval. Analysts rate the stock as a Buy with a target price of HK$3.00. The company focuses on energy sector investments, particularly in rural electrification.
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