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An update from Miramar Hotel & Investment Co ( (HK:0071) ) is now available.
Miramar Hotel and Investment Company’s wholly owned unit Whirlwind Security Limited has signed a new two-year consultancy agreement with E. M. Parking Limited, an indirect wholly owned subsidiary of Henderson Land, to provide car park consultancy, management and operation services for a parking facility from 1 January 2026 to 31 December 2027. The deal, classified as a continuing connected transaction under Hong Kong’s Listing Rules due to the relationship with Henderson Land, will see E. M. Parking pay consultancy and potential incentive fees and fund direct operating expenses via quarterly cost deposits, with the transaction subject to reporting, announcement and annual review requirements but exempt from circular and independent shareholder approval thresholds, underscoring ongoing intra-group cooperation while remaining within lower regulatory scrutiny bands.
The most recent analyst rating on (HK:0071) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on Miramar Hotel & Investment Co stock, see the HK:0071 Stock Forecast page.
More about Miramar Hotel & Investment Co
Miramar Hotel and Investment Company, Limited is a Hong Kong-incorporated company engaged in hotel operations and related property and investment activities, with services that extend to areas such as security and facility management through wholly owned subsidiaries like Whirlwind Security Limited.
Average Trading Volume: 76,522
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.9B
See more data about 0071 stock on TipRanks’ Stock Analysis page.