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Build King Holdings ( (HK:0240) ) has provided an announcement.
Build King Holdings has announced that its joint venture, Kaden-Titan JV, has signed an extension agreement with Faith Oriental Investment Limited to prolong the performance period of its existing Lam Tei Quarry sub-contract to 30 September 2026, or a later agreed date. The extension aligns the sub-contract’s duration with the extended main contract between Faith Oriental and the Hong Kong Government and is intended to bridge the transition to a newly awarded underground quarry-cum-cavern development at Lam Tei, expected to start in 2026 and run for at least 13.5 years. Importantly, only the time period is being extended, with no change to the scope of works or pricing basis; of the approximately HK$694 million aggregate sub-contract price, about HK$521 million had been received as of 31 August 2025, and the remaining works are expected to stay within existing contract values. As there is no material change to the sub-contract’s terms under Hong Kong listing rules, no further independent shareholders’ approval or independent financial advice is required, underscoring continuity of revenue and operational visibility for Build King without triggering additional regulatory procedures.
The most recent analyst rating on (HK:0240) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Build King Holdings stock, see the HK:0240 Stock Forecast page.
More about Build King Holdings
Build King Holdings Limited is a Hong Kong-based construction group whose subsidiaries undertake civil engineering and construction works, including rock excavation, materials transportation, site accommodation, drainage, irrigation systems and slope stabilization. Through joint ventures such as Kaden-Titan JV, the Group operates as a sub-contractor on major public infrastructure and quarry rehabilitation projects in Hong Kong, with a particular focus on long-term government contracts in areas like Lam Tei Quarry.
Average Trading Volume: 325,054
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.76B
For a thorough assessment of 0240 stock, go to TipRanks’ Stock Analysis page.