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APAC Resources ( (HK:1104) ) has provided an update.
APAC Resources Limited has renewed its existing services arrangement with major shareholder Allied Group Limited by entering into a new 2026 Agreement, effective from 1 January 2026 to 31 December 2028, under which APAC will reimburse AGL for administrative and management services on a cost basis. The transaction is classified as a continuing connected transaction under Hong Kong Listing Rules but, given that the relevant percentage ratios exceed 0.1% and are below 5% and that administrative services sharing is fully exempt, it will be subject only to reporting, announcement and annual review requirements, avoiding the need for independent shareholders’ approval while formalising ongoing cost-sharing of management resources between the parties.
The most recent analyst rating on (HK:1104) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on APAC Resources stock, see the HK:1104 Stock Forecast page.
More about APAC Resources
APAC Resources Limited is a Hong Kong-listed investment holding company incorporated in Bermuda, with activities that include managing group operations and administrative and management services within its corporate structure. The company maintains a close strategic relationship with its substantial shareholder Allied Group Limited (AGL), which indirectly holds about 47.29% of APAC Resources, making AGL a connected person under Hong Kong Listing Rules.
Average Trading Volume: 3,868,398
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.95B
For detailed information about 1104 stock, go to TipRanks’ Stock Analysis page.