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The latest announcement is out from Kwong Luen Engineering Holdings Limited ( (HK:1413) ).
FEG Holdings Corporation Limited has signed a non-legally binding strategic cooperation framework agreement with Sichuan Kuaike Car Service Co., Ltd. to jointly explore the online ride-hailing and new energy mobility markets across Greater China, including mainland China, Hong Kong and Macau. The partners plan to collaborate on market expansion, operational optimisation, deployment and operation of new energy vehicles, and the build-out of charging and battery-swapping infrastructure, supported by a core management team with expertise spanning automotive management, public affairs, finance and international trade. The board sees the partnership as aligned with FEG’s growth strategy and a potential avenue to enter a promising mobility and new energy segment with long-term value creation for shareholders, while cautioning that the framework remains preliminary, non-binding and subject to execution risks and uncertainties.
The most recent analyst rating on (HK:1413) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Kwong Luen Engineering Holdings Limited stock, see the HK:1413 Stock Forecast page.
More about Kwong Luen Engineering Holdings Limited
FEG Holdings Corporation Limited is a Cayman Islands-incorporated investment holding company listed on the Main Board of the Hong Kong Stock Exchange. The group focuses on capital operations and cross-regional business development, leveraging its platform and financial resources to pursue new growth opportunities across Greater China.
Average Trading Volume: 3,363,000
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$126.3M
Learn more about 1413 stock on TipRanks’ Stock Analysis page.