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
An announcement from China Resources Building Materials Technology Holdings ( (HK:1313) ) is now available.
China Resources Building Materials Technology Holdings has entered into a series of engineered stone supply agreements via its wholly owned subsidiary Shenzhen Runfeng New Materials Technology with China Resources Material and Equipment E-Commerce, a wholly owned subsidiary of China Resources Land, following the expiry on 31 December 2025 of its previous construction materials framework arrangement with China Resources Land. Under these new continuing connected transactions, Runfeng New Materials will supply engineered stone products and related processing services to China Resources Land group projects across China, with proposed annual aggregate caps of RMB50 million (excluding tax) for each of the financial years ending 31 December 2026 and 31 December 2027, covering existing named projects and allowances for prospective deals; the transaction size falls within a range that triggers reporting, announcement and annual review requirements under Hong Kong listing rules but is exempt from circular, independent financial advice and independent shareholders’ approval, signalling steady intra-group demand while limiting additional regulatory burden for the company and its shareholders.
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 construction materials company (stock code: 1313) incorporated in the Cayman Islands, supplying a range of building materials through its subsidiaries to property development and infrastructure projects in mainland China, with an increasing focus on value-added new materials such as engineered stone.
YTD Price Performance: 10.32%
Average Trading Volume: 9,715,362
Technical Sentiment Signal: Hold
Current Market Cap: HK$11.94B
For an in-depth examination of 1313 stock, go to TipRanks’ Overview page.