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Kin Pang Holdings Ltd. ( (HK:1722) ) has issued an update.
Kin Pang Holdings Limited has announced that its wholly owned subsidiary Kin Pang Construction and Engineering Co., Ltd. has received letters of intent from a resort and casino developer in Macau indicating plans to award two major construction contracts to joint ventures formed with a local Macau contractor. The projects comprise an event centre with an expected contract value of about HKD1.784 billion, targeted for completion around the third quarter of 2027, and a theatre project valued at approximately HKD875 million, slated for completion around the fourth quarter of 2027, with both sets of works scheduled to commence in the first quarter of 2026. The contracts, to be executed through joint ventures in which the local partner will hold 60% and Kin Pang Construction 40%, would significantly expand the Group’s project pipeline in Macau’s entertainment and tourism infrastructure, underscoring its positioning as a key player in large-scale construction tied to the territory’s resort and casino developments.
More about Kin Pang Holdings Ltd.
Kin Pang Holdings Limited, incorporated in the Cayman Islands and operating primarily in Macau, is engaged in the construction and engineering sector. Through its wholly owned subsidiary Kin Pang Construction and Engineering Co., Ltd., the Group focuses on building and infrastructure projects, including large-scale commercial and entertainment facilities, often in partnership with other construction companies in the region.
Average Trading Volume: 2,840,166
Technical Sentiment Signal: Hold
Current Market Cap: HK$82.5M
See more insights into 1722 stock on TipRanks’ Stock Analysis page.