Tianli International Holdings' Subsidiary Tianli Education to Enter 2024 Construction Agreement

MT Newswires Live07-18

Tianli International Holdings (HKG:1773) intends for its principal operating subsidiary Shenzhou Tianli Education Investment to enter into a 2024 school construction framework agreement with Nanyuan Construction as the 2021 construction agreement between the parties is to expire on Aug. 31, a Wednesday filing with the Hong Kong Exchange said.

The intended construction agreement will be valid for 3 years starting from the commencement date. The Nanyuan Construction will charge all incurred costs plus a premium between 9% to 11% of the incurred costs.

The new agreement is subject to the independent shareholders' approval.

The company's shares were up over 1% on Thursday's close.

Price (HKD): $4.60, Change: $+0.07, Percent Change: +1.55%

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