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The latest update is out from Luen Thai Holdings Limited ( (HK:0311) ).
Luen Thai Holdings Limited has entered into a Master Subcontracting Agreement with Shangtex HK, effective from July 1, 2025, to December 31, 2027. This agreement allows Luen Thai’s subsidiary, LTO, to provide non-exclusive subcontracting services for apparel manufacturing to Shangtex HK. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval. This agreement signifies a strategic collaboration with a major shareholder, potentially enhancing Luen Thai’s market positioning and operational capabilities in the apparel sector.
More about Luen Thai Holdings Limited
Luen Thai Holdings Limited operates in the apparel manufacturing industry, providing subcontracting services for the production of apparel products. The company focuses on delivering manufacturing solutions and services to various clients, including substantial shareholders like Shangtex HK.
YTD Price Performance: -9.36%
Average Trading Volume: 80,500
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$160.3M
See more data about 0311 stock on TipRanks’ Stock Analysis page.