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The latest update is out from BHCC Holding Ltd. ( (HK:1552) ).
BHCC Holding’s indirect wholly owned subsidiary BHCC Project 2 has jointly submitted a tender with Evermega Investment for a lease of industrial land at Kaki Bukit Avenue 5 in Singapore, paying a tender deposit of about S$3.3 million funded from internal resources. If the bid succeeds, the deposit will be applied toward the tender price; otherwise it will be refunded within the 10‑week tender validity period.
Because the BHCC deposit exceeds 5% but is below 25% under Hong Kong Listing Rules, the transaction is classified as a discloseable and connected transaction at subsidiary level, triggering reporting and announcement requirements but exempting it from shareholder approval. Independent non-executive directors have deemed the terms fair and reasonable, underscoring governance compliance as BHCC pursues industrial development opportunities in Singapore.
The most recent analyst rating on (HK:1552) stock is a Buy with a HK$0.27 price target. To see the full list of analyst forecasts on BHCC Holding Ltd. stock, see the HK:1552 Stock Forecast page.
More about BHCC Holding Ltd.
BHCC Holding Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through construction and related project entities, including indirect wholly owned subsidiaries and non-wholly owned units such as Tai Seng Food Point. The group is expanding its industrial development footprint in Singapore through tender-based land acquisitions.
Average Trading Volume: 923,076
Technical Sentiment Signal: Buy
Current Market Cap: HK$200M
For an in-depth examination of 1552 stock, go to TipRanks’ Overview page.