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Boer Power Awards RMB5 Million Connected Development Contract to Affiliate
Boer Power (01685): Boer Wuxi and Boer Intelligent Wuxi entered into a commissioned development contract to develop eight sets of electronic equipment of different types, including electronic systems, switchgear, and IT cabinets.
Boer Power (01685) announced that on June 12, 2026, Boer Wuxi, an indirect wholly-owned subsidiary of the Company, entered into a commissioned development contract with Boer Intelligent Wuxi to develop eight sets of electronic equipment of different types, including electronic systems, switchgear, and IT cabinets, for a total consideration (inclusive of VAT) of approximately RMB 5 million (approximately RMB 4.42 million exclusive of VAT).
BE Power (01685) transferred a total market value of HK$280 million, accounting for 67%, with 518 million shares transferred out from UBS Securities Hong Kong.
According to the latest data from the Hong Kong Stock Exchange, on May 27, Boreas Power Holdings Limited (01685.HK) experienced a significant position transfer with a total market value of HK$280 million, accounting for 67% of the transaction. Shareholders of the company transferred 518 million shares to China Merchants Bank International Securities and simultaneously transferred out 518 million shares from UBS Securities Hong Kong.
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