Luen Thai Enters Fabric Purchase Agreement with Shangtex

Luen Thai Holdings Limited ( (HK:0311) ) just unveiled an announcement.

Luen Thai Holdings Limited has entered into a Fabric Purchase Master Agreement with Shangtex, a substantial shareholder, to procure fabric from 1 October 2025 to 31 December 2027. This agreement, classified as a continuing connected transaction under Hong Kong’s Listing Rules, requires independent shareholders’ approval due to its scale, with annual transaction caps exceeding 5% and HK$10,000,000. An Extraordinary General Meeting (EGM) will be held for shareholders to approve the agreement, with an Independent Board Committee and financial adviser appointed to guide the decision-making process.

More about Luen Thai Holdings Limited

Luen Thai Holdings Limited operates in the textile and apparel industry, focusing on the production and distribution of fabric and related products. The company engages in various transactions to secure materials necessary for its operations, with a significant market focus on maintaining strong relationships with key suppliers.

YTD Price Performance: 28.07%

Average Trading Volume: 240,210

Technical Sentiment Signal: Sell

Current Market Cap: HK$226.5M

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