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Guoco Group ( (HK:0053) ) just unveiled an update.
Guoco Group has announced the renewal of its investment management and advisory agreements with AFAL and GMC, extending the terms from August 2025 to June 2028. These agreements, which involve GAPL providing fund management and advisory services, are considered continuing connected transactions under Hong Kong’s Listing Rules. The renewal aligns the duration of both agreements to streamline administrative processes, with service fees including management and performance fees based on the portfolio’s net asset value and excess returns.
More about Guoco Group
Guoco Group is involved in investment management and advisory services, primarily focusing on providing discretionary fund management and investment advisory services through its joint venture company, GAPL. The company operates in the financial services industry, catering to clients like AFAL and GMC, and is subject to the regulatory framework of the Hong Kong Stock Exchange.
Average Trading Volume: 11,489
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$24.1B
For detailed information about 0053 stock, go to TipRanks’ Stock Analysis page.