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An announcement from Fulum Group Holdings Ltd. ( (HK:1443) ) is now available.
Fulum Group Holdings has renewed its existing connected tenancy framework with its executive directors, a controlling shareholder and their associated landlord entities by entering into a new 2026 Connected Tenancy Framework Agreement covering the period from 1 April 2026 to 31 March 2029. Because the right-of-use asset caps under the new framework exceed key thresholds, the arrangement is classified as a very substantial acquisition and a continuing connected transaction under Hong Kong listing rules, triggering notification, announcement, annual review, circular and independent shareholders’ approval requirements, while certain service charges related to one key premise will be subject to lighter disclosure and review obligations. An independent board committee has been formed and Octal Capital has been appointed as independent financial adviser to assess the terms for independent shareholders, who will vote by poll at an extraordinary general meeting on whether to approve the new tenancy framework, the related transactions and the associated right-of-use asset caps, with the outcome set to shape Fulum’s access to key leased premises controlled by its connected landlords.
The most recent analyst rating on (HK:1443) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Fulum Group Holdings Ltd. stock, see the HK:1443 Stock Forecast page.
More about Fulum Group Holdings Ltd.
Fulum Group Holdings Ltd. is a Hong Kong–listed company (stock code: 1443) that operates through a group structure and is controlled by several executive directors and controlling shareholders, with various connected landlord entities owning properties leased to the Group for its business operations.
Average Trading Volume: 1,052,400
Technical Sentiment Signal: Sell
Current Market Cap: HK$87.1M
For detailed information about 1443 stock, go to TipRanks’ Stock Analysis page.