Peking University Resources Forms HK$200 Million Non-Ferrous Metals Trading Joint Venture

Peking University Resources Holdings Co. Ltd. ( (HK:0618) ) has provided an announcement.

Peking University Resources (Holdings) Company Limited has entered into a joint venture agreement with Shanghai Cun An and an individual investor, Mr. Feng, to establish a Hong Kong-based company focused on international trading and supply chain services for non-ferrous metal commodities. The partners will subscribe a total share capital of HK$200 million, with Shanghai Cun An holding 49%, Peking University Resources 45%, and Mr. Feng 6%, and the joint venture will be accounted for using the equity method rather than full consolidation.

The transaction qualifies as a discloseable transaction under Hong Kong listing rules, as the relevant percentage ratio exceeds 5% but is below 25%, triggering reporting and announcement obligations. By partnering with Shanghai Cun An and committing HK$90 million funded from internal resources, Peking University Resources is deepening its exposure to the non-ferrous metals trading and supply chain sector, potentially enhancing its revenue base and industry positioning while limiting balance sheet impact through equity-method accounting.

The most recent analyst rating on (HK:0618) stock is a Hold with a HK$0.29 price target. To see the full list of analyst forecasts on Peking University Resources Holdings Co. Ltd. stock, see the HK:0618 Stock Forecast page.

More about Peking University Resources Holdings Co. Ltd.

Peking University Resources (Holdings) Company Limited is a Bermuda-incorporated company listed in Hong Kong, with business interests that include trading-related activities. The group leverages its Hong Kong listing platform and partnerships to expand into specialized international trade and supply chain services, particularly in commodity-related sectors.

YTD Price Performance: 40.0%

Average Trading Volume: 623,508

Technical Sentiment Signal: Hold

Current Market Cap: HK$766.5M

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