Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Resources Building Materials Technology Holdings ( (HK:1313) ) has issued an announcement.
China Resources Building Materials Technology Holdings has renewed its framework agreement with affiliated company CR Mixc Lifestyle to procure a range of value-added services, following the expiry of a similar 2023 agreement and its annual caps at the end of 2025. Under the new 2026 Framework Agreement, effective from 3 February 2026 to 31 December 2028, CR Mixc Lifestyle Group will continue to provide corporate administrative support, integrated park services, construction area maintenance and repairs, outsourced labour, staff living services, brokerage and asset services, as well as merchandise procurement and retail services, with an annual transaction cap of RMB50 million (excluding tax). Pricing will be set on an arm’s-length basis by reference to service scope, property characteristics, operating costs and comparable third-party rates, and the continuing connected transactions will be subject only to reporting, announcement and annual review obligations under Hong Kong Listing Rules, without requiring circulars, independent financial advice or independent shareholders’ approval, reflecting their relatively small size while formalising ongoing intra-group operational support.
The most recent analyst rating on (HK:1313) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Resources Building Materials Technology Holdings stock, see the HK:1313 Stock Forecast page.
More about China Resources Building Materials Technology Holdings
China Resources Building Materials Technology Holdings is a Hong Kong-listed company (stock code: 1313) incorporated in the Cayman Islands, operating in the building materials sector. The group focuses on production and related services for construction and industrial parks, and collaborates with affiliated service providers to obtain corporate, property and operational support services that underpin its broader business development needs.
Average Trading Volume: 9,796,717
Technical Sentiment Signal: Hold
Current Market Cap: HK$11.94B
Learn more about 1313 stock on TipRanks’ Stock Analysis page.