Powerlong Commercial Management Renews Connected Digitalization Service Deal With Shanghai Yueshang

Powerlong Commercial Management Holdings Limited ( (HK:9909) ) has issued an update.

Powerlong Commercial Management Holdings has renewed its digitalization technology services arrangement with Shanghai Yueshang by signing a new 2026 Digitalization Service Agreement, effective from 1 January 2026 to 31 December 2028. Under this framework, Shanghai Yueshang will continue to provide project-based internet digital services, information systems and hardware deployment for the group, with detailed terms to be set in individual service contracts. Because Shanghai Yueshang is partly owned by executive director Hoi Wa Fong and a subsidiary of the company, the deal is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting and announcement obligations but exempting the company from circular and independent shareholders’ approval requirements due to the relatively small transaction size.

The most recent analyst rating on (HK:9909) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Powerlong Commercial Management Holdings Limited stock, see the HK:9909 Stock Forecast page.

More about Powerlong Commercial Management Holdings Limited

Powerlong Commercial Management Holdings Limited is a Hong Kong–listed company engaged in commercial property management and related services, with a focus on operating and managing commercial complexes. The group has been advancing its digital capabilities through technology partnerships to support its management operations and enhance service efficiency across its managed properties.

Average Trading Volume: 496,654

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.54B

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