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The latest announcement is out from Poly Property Services Co., Ltd. Class H ( (HK:6049) ).
Poly Property Services Co., Ltd. has entered into a renewed three-year Parking Space Agency Framework Agreement (Phase II) with its controlling shareholder, Poly Developments and Holdings, under which the group will continue to provide exclusive sales and leasing agency services for parking spaces to the Poly Developments and Holdings group following the expiry of the previous agreement in December 2025. Because Poly Developments and Holdings holds about 72.289% of Poly Property Services’ shares, the renewed arrangement constitutes a continuing connected and discloseable transaction under Hong Kong listing rules, triggering reporting, announcement, annual review and independent shareholder approval requirements; an independent board committee and financial adviser will be appointed, the controlling shareholder and its associates will abstain from voting at an extraordinary general meeting, and a circular detailing the deal and annual caps is expected to be dispatched to shareholders by 9 March 2026, underscoring governance scrutiny around related-party transactions that are important to the company’s ongoing business expansion.
The most recent analyst rating on (HK:6049) stock is a Buy with a HK$41.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.
More about Poly Property Services Co., Ltd. Class H
Poly Property Services Co., Ltd. is a property services provider based in the People’s Republic of China, listed in Hong Kong, that offers management and related services for residential and commercial projects developed within the Poly group ecosystem. Its activities include value-added services such as agency services related to parking spaces, reflecting a focus on servicing properties associated with controlling shareholder Poly Developments and Holdings and its affiliates.
Average Trading Volume: 779,811
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.91B
Find detailed analytics on 6049 stock on TipRanks’ Stock Analysis page.