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An announcement from Nissin Foods Co., Ltd. ( (HK:1475) ) is now available.
Nissin Foods Co., Ltd. has announced the renewal of its existing continuing connected transactions, which involve agreements with its connected persons, including Nissin Japan, the controlling shareholder. The company has set up proposed annual caps for these transactions for the years 2026 to 2028, indicating the continuation of these agreements beyond 2025. These transactions are subject to reporting and review requirements under Hong Kong’s listing rules, though they are exempt from independent shareholders’ approval. The renewal includes a new Technology and Trademark Licensing Agreement, allowing Nissin Foods to use Nissin Japan’s trademarks and technology across various regions, including Hong Kong, China, and Vietnam, enhancing its operational capabilities and market reach.
The most recent analyst rating on (HK:1475) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on Nissin Foods Co., Ltd. stock, see the HK:1475 Stock Forecast page.
More about Nissin Foods Co., Ltd.
Average Trading Volume: 1,893,675
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.16B
For a thorough assessment of 1475 stock, go to TipRanks’ Stock Analysis page.