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Horizon Construction Development Limited ( (HK:9930) ) has issued an update.
Horizon Construction Development Limited has entered into a Cooperation Framework Agreement with Far East Horizon, effective from May 8, 2025, to December 31, 2027. Under this agreement, Horizon will offer engineering, technical, and equipment lease services to Far East Horizon Connected Persons, while receiving advisory services in return. This agreement is categorized as a continuing connected transaction under the Hong Kong Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval. The collaboration is expected to enhance Horizon’s operational capabilities and market positioning by leveraging Far East Horizon’s advisory services.
More about Horizon Construction Development Limited
Horizon Construction Development Limited is a company incorporated in the Cayman Islands, primarily engaged in providing engineering and technical services, as well as equipment operating lease services. The company focuses on projects such as foundation and excavation support, formwork installation, geotechnical engineering design, and electric power engineering services.
Average Trading Volume: 766,801
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.68B
See more insights into 9930 stock on TipRanks’ Stock Analysis page.