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Ernest Borel Holdings Ltd ( (HK:1856) ) has provided an announcement.
Ernest Borel Holdings Limited has announced a supplemental update to its annual report for the year ended December 31, 2024. The update includes details about a renewed Master Product and Service Framework Agreement with Citychamp Watch & Jewellery Group Limited, a controlling shareholder. This agreement, effective from January 1, 2023, to December 31, 2025, outlines the terms for mutual provision of products and services, including watches and labor services, between the two entities. The pricing policy ensures that transactions are conducted on arm’s length terms, with prices and fees being no less favorable than those offered to independent third parties, which could potentially impact the company’s operational efficiency and market competitiveness.
More about Ernest Borel Holdings Ltd
Ernest Borel Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the watch and jewelry industry. The company, along with its subsidiaries, focuses on providing watches, components, and related services.
Average Trading Volume: 1,148,066
Technical Sentiment Signal: Sell
Current Market Cap: HK$536.8M
Learn more about 1856 stock on TipRanks’ Stock Analysis page.