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Eagle Nice (International) Holdings Ltd. ( (HK:2368) ) just unveiled an announcement.
Eagle Nice (International) Holdings Ltd. has issued a supplemental announcement detailing the pricing policies and procedures governing renewed continuing connected transactions with Li Ning Group at the subsidiary level. Under new framework agreements, the company will use a cost-plus pricing method, calculating a base cost for sportswear products and then adding processing fees and a negotiated profit margin that is benchmarked against average gross margins earned from comparable independent Chinese brand customers, with reference to market conditions and payment terms. The group’s sales department will regularly collect market price data and compare Li Ning’s prices with at least two independent buyers for similar products to ensure that transaction terms remain on normal commercial terms and are no less favourable than those offered to independent third parties. The board, including independent non-executive directors, believes these mechanisms ensure that the renewed connected transactions are fair, conducted on an arm’s length basis, and not prejudicial to the interests of the company or its shareholders.
The most recent analyst rating on (HK:2368) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Eagle Nice (International) Holdings Ltd. stock, see the HK:2368 Stock Forecast page.
More about Eagle Nice (International) Holdings Ltd.
Eagle Nice (International) Holdings Ltd. is a Hong Kong-listed company engaged in the manufacture and sale of sportswear products, supplying finished goods to brand owners including Chinese sportswear groups such as Li Ning. The group operates as an OEM/ODM partner within the sports apparel industry, focusing on large-scale production for branded customers in Mainland China and abroad.
Average Trading Volume: 91,038
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.04B
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