Four Seas Mercantile and HK Food Investment Enter New Supply Agreement

The latest update is out from Four Seas Mercantile Holdings Limited ( (HK:0374) ).

Four Seas Mercantile Holdings Limited and Hong Kong Food Investment Holdings Limited have entered into a 2025 Master Supply and Services Agreement, effective from April 1, 2025, to March 31, 2028. This agreement outlines the mutual supply of frozen meat, pre-packed food, and beverage products, alongside food processing services. The transactions are classified as connected transactions due to the substantial shareholding relationships between the companies, but they are exempt from independent shareholders’ approval under the Listing Rules. The pricing for these transactions will be based on market prices or previous procurement averages, ensuring terms are no less favorable than those available from independent third parties.

More about Four Seas Mercantile Holdings Limited

Four Seas Mercantile Holdings Limited is a company involved in the food industry, focusing on the supply of pre-packed food and beverage products, as well as frozen food products. The company operates in collaboration with Hong Kong Food Investment Holdings Limited, which supplies frozen meat products and engages in food processing services.

YTD Price Performance: 0.78%

Average Trading Volume: 227,428

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$988.3M

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