Precision Tsugami (China) Wins Full Shareholder Backing to Renew Key Tsugami Japan Agreements

Precision Tsugami (China) Corp. Ltd. ( (HK:1651) ) just unveiled an announcement.

Precision Tsugami (China) Corporation Limited has secured unanimous shareholder approval at its extraordinary general meeting on 23 March 2026 to renew a suite of core related-party agreements with Tsugami Corporation of Japan. These include a technology licence agreement, a master sales agreement and a master purchase agreement, each extended for three years through 31 March 2029, underscoring the strategic importance of the Japanese parent’s technology and commercial channels to the China unit’s operations.

Shareholders also unanimously approved new annual caps for transactions under the renewed technology licence, sales and purchase agreements for the financial years ending 31 March 2027, 2028 and 2029. The clean sweep of 100% ‘for’ votes on all resolutions signals strong investor support for continuing the existing business model and provides clearer visibility on the scale of intra-group transactions that will shape the company’s cost structure and revenue pipeline over the next three years.

The most recent analyst rating on (HK:1651) stock is a Buy with a HK$39.00 price target. To see the full list of analyst forecasts on Precision Tsugami (China) Corp. Ltd. stock, see the HK:1651 Stock Forecast page.

More about Precision Tsugami (China) Corp. Ltd.

Precision Tsugami (China) Corporation Limited is a Cayman Islands-incorporated company listed in Hong Kong and operates in the precision machinery sector. The group’s business is closely tied to Tsugami Corporation of Japan through technology licensing, sales, and purchase arrangements that support its manufacturing and distribution of precision machine tools in the Chinese and regional markets.

Average Trading Volume: 1,405,574

Technical Sentiment Signal: Buy

Current Market Cap: HK$12.6B

Learn more about 1651 stock on TipRanks’ Stock Analysis page.