Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Hilong Holding Ltd. ( (HK:1623) ) is now available.
Hilong Holding Ltd. has announced the renewal of several tenancy and management agreements for 2026, involving leases for office and manufacturing spaces with various associated companies. These agreements, which include the 2026 Renewed Tenancy CCT Agreements and the 2026 Longdi Management Agreements, are significant due to their connection with Mr. Zhang, a controlling shareholder and director, making them connected transactions under the Hong Kong Listing Rules. The aggregate annual cap for these transactions is set at RMB47,304,000, indicating a substantial financial commitment and reflecting the company’s ongoing operational strategies.
The most recent analyst rating on (HK:1623) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Hilong Holding Ltd. stock, see the HK:1623 Stock Forecast page.
More about Hilong Holding Ltd.
Hilong Holding Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the oilfield services industry. The company focuses on providing services related to oilfield equipment, including manufacturing and leasing of drilling tools and pipelines.
YTD Price Performance: 71.68%
Average Trading Volume: 2,897,867
Technical Sentiment Signal: Hold
Current Market Cap: HK$329.1M
Learn more about 1623 stock on TipRanks’ Stock Analysis page.