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An announcement from New World Department Store China Limited ( (HK:0825) ) is now available.
New World Department Store China Limited has entered into a new 2026 Master Collaboration Services Agreement with Chow Tai Fook Enterprises (CTFE), replacing the existing 2023 framework ahead of its June 2026 expiry. The deal governs ongoing collaboration services between the two groups, which are connected parties through New World Development’s controlling stake in the retailer.
Because the transaction qualifies as a continuing connected transaction under Hong Kong listing rules, it triggers reporting, announcement, annual review and independent shareholders’ approval requirements. The company will convene an extraordinary general meeting, form an independent board committee, and seek advice from an independent financial adviser, with a shareholder circular expected by early June 2026 to support informed voting on the agreement and its annual caps.
More about New World Department Store China Limited
New World Department Store China Limited operates a chain of department stores and retail outlets in Mainland China and Hong Kong, focusing on mid- to upper-end consumer goods. The company is part of the New World Development corporate network and frequently engages in related-party collaboration with connected entities to support its retail and service operations.
Average Trading Volume: 910,439
Technical Sentiment Signal: Hold
Current Market Cap: HK$531.1M
Find detailed analytics on 0825 stock on TipRanks’ Stock Analysis page.