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Lai Si Enterprise Holding Ltd. ( (HK:2266) ) just unveiled an update.
Lai Si Enterprise Holding Limited has signed a strategic cooperation framework agreement with Zhuhai Construction Engineering Holding Group Co., Ltd., an independent large-scale state-owned construction enterprise in Zhuhai, to establish a long-term partnership. Under the framework, the parties intend to pursue joint ventures, co-bid for construction projects in Zhuhai, the Hengqin Guangdong-Macao In-Depth Cooperation Zone, Hong Kong and Macau, and cooperate vertically across the infrastructure financing, engineering construction and building industrialization value chain, as well as horizontally in market expansion, revenue generation, brand building and industrial development. While the framework is non-binding and specific projects will require separate agreements, Lai Si’s board expects the collaboration to help extend and apply the Group’s existing capabilities to deepen its presence in the Greater Bay Area without altering its core business, potentially strengthening its competitive positioning and offering new growth avenues for shareholders.
More about Lai Si Enterprise Holding Ltd.
Lai Si Enterprise Holding Limited is a Cayman Islands-incorporated company listed in Hong Kong and principally engaged in fitting-out, alteration and addition works, construction works, and repair and maintenance services. The Group focuses on construction-related projects and leverages its capabilities across the Greater Bay Area, including Hong Kong and Macau.
Average Trading Volume: 219,941
Technical Sentiment Signal: Buy
Current Market Cap: HK$136M
For a thorough assessment of 2266 stock, go to TipRanks’ Stock Analysis page.