China Next-Gen Commerce and Supply Chain Signs New Connected Procurement Deals With Seazen and S-Enjoy

An announcement from S&T Holdings Ltd. ( (HK:3928) ) is now available.

China Next-Gen Commerce and Supply Chain Limited has entered into new framework agreements through its subsidiary Shanghai Mitaki with Seazen Holdings and S-Enjoy, both controlled by the same major shareholder family. Under these arrangements, Shanghai Mitaki will supply products and provide related services and cooperation interests to Seazen Holdings, and supply products to S-Enjoy, from 27 March 2026 to 31 December 2027.

Because Seazen Holdings and S-Enjoy are associates of a connected person, these framework agreements are classified as continuing connected transactions under Hong Kong listing rules and must be aggregated for compliance purposes. The applicable transaction ratios exceed 0.1% but remain below 5%, meaning the deals require reporting, announcement and annual review but are exempt from independent shareholders’ approval, and the board (excluding the interested director) considers the terms fair, reasonable and in the interests of shareholders.

The most recent analyst rating on (HK:3928) stock is a Hold with a HK$15.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.

More about S&T Holdings Ltd.

China Next-Gen Commerce and Supply Chain Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the commerce and supply-chain services sector through its subsidiary Shanghai Mitaki. The group focuses on supplying products and related services to corporate customers, leveraging procurement and business cooperation arrangements with connected parties in mainland China.

Average Trading Volume: 326,036

Technical Sentiment Signal: Buy

Current Market Cap: HK$8.04B

See more data about 3928 stock on TipRanks’ Stock Analysis page.