CR Construction Shareholders Approve Long-Term Supply Framework with Controlling Shareholder

An update from CR Construction Group Holdings Limited ( (HK:1582) ) is now available.

CR Construction Group Holdings Limited announced that shareholders at its extraordinary general meeting held on 29 December 2025 approved, by poll and with 100% of votes cast in favour, a mutual products and services supply framework agreement with Zhejiang Construction Investment Group Co., Ltd. and the related annual caps through to 31 December 2028. Despite Zhejiang Construction, which controls about 72.23% of the company via CR Construction Investments Limited, abstaining from voting due to its material interest, the resolution passed based on the remaining 138,850,000 eligible shares, clearing the way for a structured, long-term framework for reciprocal supply of products and services that formalises and potentially deepens commercial cooperation between the company and its controlling shareholder group.

The most recent analyst rating on (HK:1582) stock is a Hold with a HK$0.39 price target. To see the full list of analyst forecasts on CR Construction Group Holdings Limited stock, see the HK:1582 Stock Forecast page.

More about CR Construction Group Holdings Limited

CR Construction Group Holdings Limited is a Hong Kong-listed construction group incorporated in the Cayman Islands, operating under stock code 1582. Its controlling shareholder is Zhejiang Construction Investment Group Co., Ltd., which holds its interest through wholly-owned subsidiary CR Construction Investments Limited, reflecting the company’s strategic alignment with a major PRC-based construction and investment group.

Average Trading Volume: 326,132

Technical Sentiment Signal: Sell

Current Market Cap: HK$165M

For a thorough assessment of 1582 stock, go to TipRanks’ Stock Analysis page.