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An update from Kinetic Mines & Energy Ltd. ( (HK:1277) ) is now available.
Kinetic Development Group Limited has renewed its property management services framework arrangement between its indirect wholly owned subsidiary Qianhai Seedland and connected party Seedland for a further one-year term from 1 January 2026 to 31 December 2026, largely on existing terms. Because Seedland is controlled by the company’s controlling shareholder, the deal is treated as a continuing connected transaction under Hong Kong listing rules; however, as the relevant percentage ratios are above 0.1% but below 5%, the renewed agreement and its annual caps will only be subject to reporting, announcement and annual review requirements, and will not require independent shareholders’ approval, allowing the group to maintain continuity in its recurring property management revenue stream while keeping compliance obligations relatively light.
The most recent analyst rating on (HK:1277) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Kinetic Mines & Energy Ltd. stock, see the HK:1277 Stock Forecast page.
More about Kinetic Mines & Energy Ltd.
Kinetic Development Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Qianhai Seedland, which provides property management and related value-added services. The group’s activities place it in the property services sector, focusing on managing properties and delivering ancillary services to related parties within its corporate structure.
Average Trading Volume: 20,709,879
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.72B
For an in-depth examination of 1277 stock, go to TipRanks’ Overview page.