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Lonking Holdings ( (HK:3339) ) has issued an announcement.
Lonking Holdings has renewed its master purchase agreement with Lonyan City Jinlong Machinery Company Limited, a connected supplier controlled by a family member of the group’s deputy chairman, to continue purchasing machinery parts from 1 January 2026 to 31 December 2028. The renewed agreement, classified as a continuing connected transaction under Hong Kong listing rules, will be subject to reporting, annual review and announcement requirements but will not require a shareholder circular or independent shareholders’ approval, streamlining compliance while preserving an established supply relationship for key parts.
The most recent analyst rating on (HK:3339) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on Lonking Holdings stock, see the HK:3339 Stock Forecast page.
More about Lonking Holdings
Lonking Holdings Limited is a construction machinery manufacturer incorporated in the Cayman Islands and listed in Hong Kong. The group and its subsidiaries focus on producing and supplying machinery components and parts used in their equipment portfolio, operating within a connected-party framework for sourcing key parts from related entities in mainland China.
Average Trading Volume: 6,208,779
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.75B
Find detailed analytics on 3339 stock on TipRanks’ Stock Analysis page.