Hong Kong Food Investment and Four Seas Mercantile Forge New Supply Agreement

An update from Hong Kong Food Investment Holdings Limited ( (HK:0060) ) is now available.

Hong Kong Food Investment Holdings Limited and Four Seas Mercantile Holdings Limited have entered into a 2025 Master Supply and Services Agreement effective from April 1, 2025, to March 31, 2028. This agreement facilitates the mutual supply of frozen meat and pre-packed food products, along with food processing services, between the two companies. The transactions are classified as connected transactions due to existing shareholding relationships, but they are exempt from independent shareholders’ approval under the Hong Kong Listing Rules, indicating a streamlined process for these business operations.

More about Hong Kong Food Investment Holdings Limited

Hong Kong Food Investment Holdings Limited operates in the food industry, focusing on the supply of frozen meat products, while Four Seas Mercantile Holdings Limited specializes in self-manufactured pre-packed food and beverage products and other frozen food items.

YTD Price Performance: -9.09%

Average Trading Volume: 32,875

Technical Sentiment Signal: Buy

Current Market Cap: HK$115.8M

Learn more about 0060 stock on TipRanks’ Stock Analysis page.