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China Hanking Holdings Ltd. ( (HK:3788) ) has shared an update.
China Hanking Holdings’ indirect wholly owned subsidiary Hanking Ginseng Iron has entered into a three-year lease for multiple floors and a podium in Hanking Tower in Shenyang, covering about 3,477 square metres from 1 January 2026 to 31 December 2028. Because the landlord, Shengtai Properties, is ultimately controlled by chairman and controlling shareholder Yang Jiye, the lease is classified as a connected transaction under Hong Kong listing rules; it will result in the recognition of right-of-use assets of about RMB6.32 million under IFRS 16 and is subject to reporting and announcement requirements but is exempt from circular and independent shareholder approval, while the related property management fees are treated as de minimis continuing connected transactions.
The most recent analyst rating on (HK:3788) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Hanking Holdings Ltd. stock, see the HK:3788 Stock Forecast page.
More about China Hanking Holdings Ltd.
China Hanking Holdings Limited is a Hong Kong-listed company engaged in the mining and processing of iron ore through subsidiaries such as Hanking Ginseng Iron. The group operates primarily in mainland China, with its activities focused on resource extraction and related industrial operations that require substantial office and management premises to support its business.
Average Trading Volume: 3,667,477
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.1B
See more insights into 3788 stock on TipRanks’ Stock Analysis page.