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Sichuan Energy Investment Subsidiaries Sign Rural Grid Project Contracts

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Sichuan Energy Investment Development (HKG:1713) said its subsidiaries signed an EPC general contracting agreement and a construction supervision contract for part of a 2025 rural power grid improvement project.

Under the EPC contract, Construction Group, Materials Industry Group and Sichuan Energy Investment Integrated Energy will provide construction, equipment and materials procurement, and design services, according to a Hong Kong bourse filing.

The company's six subsidiaries will undertake part of the 10kV-and-below works, with their share of the EPC contract valued at 127.9 million yuan. The EPC work has a duration of 214 calendar days.

Under, a separate contract, Sichuan Yilian will provide construction supervision services, with the six subsidiaries' share valued at 2.0 million yuan.

What else is happening in Asia?

Asia

Goodman Group Receives 2 Shareholder Resolutions for Upcoming Annual General Meeting

Goodman Group (ASX:GMG) received two shareholder resolutions for consideration at its Nov. 19 annual general meeting, according to a Monday filing with the Australian bourse.One of the resolutions calls on the company to disclose its framework for identifying and managing material environmental and social-license risks related to data center development close to residential areas, schools, or environmentally sensitive land.The second one seeks an amendment to Goodman Group's constitution to permit advisory resolutions, per the filing.Both resolutions are advisory and do not bind the company's directors.Its shares gained past 1% in recent Tuesday trade.

ASX:GMG
Asia

Farglory Land Development Approves NT$5.46 Billion Construction Contract

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TPE:5522
Asia

Sealink International Receives $17 Million Insurance Payout for Vessel Fire Incident in Brazil

Sealink International (KLSE:SEALINK) has received the insurance proceeds of $17.3 million on Monday, in relation to the fire incident involving one of the group's vessels located in Brazil, according to a sameosay filing to the Malaysian bourse.The payout follows a settlement agreement executed on May 5.The company's shares were up nearly 2% in recent trade.

KLSE:SEALINK