C&D Group Announces New Sales Cooperation Agreement

C&D Property Management Group Co., Ltd. (HK:2156) has released an update.

C&D Property Management Group Co., Ltd. has entered a Cooperation Framework Agreement with its controlling shareholder C&D Inc., effective from September 25, 2024, to December 31, 2026. The deal involves the purchase and resale of various commodities through the ‘C&D Property Selection’ platform, with set annual caps on payments based on historical transaction data and projected demand. This connected transaction is in compliance with the Listing Rules, requiring reporting and annual review but exempting independent shareholder approval.

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