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Hengxin Technology Ltd. Revises Annual Caps for Connected Transactions

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Hengxin Technology Ltd. Revises Annual Caps for Connected Transactions

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Hengxin Technology Ltd. ( (HK:1085) ) has shared an update.

Hengxin Technology Ltd. has announced the revision and renewal of annual caps for its continuing connected transactions involving purchases and sales agreements with Hengtong Group and Hengtong Optic-Electric. The company has entered into new master agreements to accommodate the anticipated increase in transaction volumes through 2026. These agreements are subject to regulatory requirements due to their scale, and the company will seek approval from independent shareholders, excluding votes from Mr. Cui Wei and his associates, at an upcoming extraordinary general meeting.

The most recent analyst rating on (HK:1085) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.

More about Hengxin Technology Ltd.

Hengxin Technology Ltd., operating as HX Singapore Ltd. in Hong Kong, is a company incorporated in the Republic of Singapore. It is involved in the technology sector, focusing on optical and electronic products and services, with a significant market presence through its subsidiary Jiangsu Hengxin.

Average Trading Volume: 491,166

Technical Sentiment Signal: Buy

Current Market Cap: HK$791.5M

For an in-depth examination of 1085 stock, go to TipRanks’ Overview page.

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