MMG Limited Secures Supply Agreement for Khoemacau Project Expansion

MMG ( (HK:1208) ) has provided an announcement.

MMG Limited has entered into a Supply Agreement with MCC TianGong Group for the procurement of 1,200 cabin houses as part of the early works for the Khoemacau expansion project. This agreement, valued at $7.65 million, is considered a connected transaction due to the relationships between the involved parties. The agreement was reached after a competitive bidding process and is deemed to be on fair commercial terms, benefiting the company’s shareholders by ensuring the necessary infrastructure for the project’s development.

The most recent analyst rating on (HK:1208) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.

More about MMG

MMG Limited is a company incorporated in Hong Kong, operating in the mining industry. It is focused on the development and expansion of mining projects, with a particular emphasis on copper resources.

YTD Price Performance: 28.52%

Average Trading Volume: 75,409,176

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$39.94B

Find detailed analytics on 1208 stock on TipRanks’ Stock Analysis page.