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Horizon Construction Development Limited ( (HK:9930) ) just unveiled an update.
Horizon Construction Development Limited has entered into a new Material Procurement Framework Agreement with Shangyu Boteng, effective from 3 February 2026 to 31 December 2028, to continue purchasing construction materials including connection accessories for ringlock scaffolds after the expiry of its existing agreement at the end of 2025. As Shangyu Boteng is an associate of a non-executive director and thus a connected person under Hong Kong listing rules, the renewed framework constitutes a continuing connected transaction subject to reporting, announcement and annual review requirements, but it is exempt from independent shareholders’ approval, providing regulatory clarity while securing a stable supply chain for key materials over the next three years.
The most recent analyst rating on (HK:9930) stock is a Hold with a HK$0.99 price target. To see the full list of analyst forecasts on Horizon Construction Development Limited stock, see the HK:9930 Stock Forecast page.
More about Horizon Construction Development Limited
Horizon Construction Development Limited is a Hong Kong-listed company in the construction-related sector that sources materials such as connection accessories for ringlock scaffolds through framework procurement agreements to support its operations.
Average Trading Volume: 348,738
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.2B
For an in-depth examination of 9930 stock, go to TipRanks’ Overview page.