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The latest update is out from Hengtai Securities Co., Ltd. Class H ( (HK:1476) ).
Hengtai Securities has signed a supplemental framework agreement with Desheng Investment to expand the scope of leased properties and extend the term of its 2025 property lease framework through the end of 2027. The move reflects the group’s plan to lease additional premises for its own use, aligning its property footprint with operational needs across the next two financial years.
In light of the expanded and extended leases, the board has revised the annual cap for 2026 and set a new cap for 2027 to cover right-of-use assets and property service fees. As Desheng Investment is treated as a deemed connected person through structures involving Tianfeng Securities and its asset management arm, the transactions are classified as continuing connected transactions under Hong Kong listing rules, triggering reporting and review requirements but not a need for independent shareholder approval.
More about Hengtai Securities Co., Ltd. Class H
Hengtai Securities Co., Ltd. Class H, also known as HENGTOU SECURITIES, is a PRC-incorporated joint stock company operating in the securities and financial services industry. The group engages in securities brokerage, investment, and related financial services, with a market focus on mainland China while also carrying on business in Hong Kong.
Average Trading Volume: 79,020
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.59B
See more insights into 1476 stock on TipRanks’ Stock Analysis page.