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An update from BHCC Holding Ltd. ( (HK:1552) ) is now available.
BHCC Holding Limited, through its indirect wholly-owned subsidiary BHCC Projects, has announced the formation of a joint venture agreement (JV Agreement) with several partners to establish a Special Purpose Company (SPC) for the lease and development of land. The company’s capital commitment for this venture amounts to S$20 million, with BHCC Projects holding a 10% stake in the SPC upon its establishment. This transaction is classified as a major and connected transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring reporting and announcement but exempt from shareholder approval due to the control of Huada Developments. The move is expected to enhance BHCC’s investment portfolio and strategic positioning.
More about BHCC Holding Ltd.
YTD Price Performance: 43.33%
Average Trading Volume: 403,064
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$137.6M
Learn more about 1552 stock on TipRanks’ Stock Analysis page.