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Build King Holdings ( (HK:0240) ) just unveiled an update.
Build King Holdings Limited announced that its independent shareholders have approved, by poll at a special general meeting held on 19 December 2025, the terms and proposed annual caps for transactions under the 2026 Framework Agreement with Wai Kee Holdings Limited for the continuing sale and purchase of ready-mixed concrete. With controlling shareholder Wai Kee, its associates, and Chairman Derek Zen abstaining from voting due to connected party status, all votes cast by independent shareholders supported the resolution, clearing a key regulatory hurdle for the company to continue its related-party concrete procurement arrangement, which underpins material supply stability for its construction operations and clarifies the governance framework for these ongoing connected transactions.
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-listed construction group engaged in civil engineering and infrastructure-related works, with operations that include the supply and use of construction materials such as ready-mixed concrete. The company operates within the Hong Kong construction and infrastructure market, often working with related entities such as Wai Kee Holdings Limited on ongoing supply arrangements to support its project pipeline.
Average Trading Volume: 337,031
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.74B
For a thorough assessment of 0240 stock, go to TipRanks’ Stock Analysis page.