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Hilong Holding Ltd. ( (HK:1623) ) has provided an announcement.
Hilong Holding Ltd. has announced revisions to its existing Hilong Energy Annual Cap to accommodate unanticipated demand for drill pipe inspection and coating services in 2025. This decision reflects the company’s need to address urgent repair requirements for Hilong USA’s drill pipes. Additionally, Hilong Oil Service Ltd. (Libya Branch) has entered into a new agreement with Shenglong Oil and Gas for pipeline cleaning and inspection services, effective from August 2025 to February 2027. These agreements, involving connected parties, require compliance with Hong Kong’s Listing Rules, including shareholder approval, due to their financial implications.
More about Hilong Holding Ltd.
Hilong Holding Ltd. is a company incorporated in the Cayman Islands, primarily engaged in providing energy services, including drill pipe inspection and coating services, as well as pipeline cleaning and inspection services. The company operates in the oil and gas industry, focusing on servicing the needs of its clients with specialized equipment and expertise.
Average Trading Volume: 11,103,204
Technical Sentiment Signal: Buy
Current Market Cap: HK$278.2M
See more insights into 1623 stock on TipRanks’ Stock Analysis page.