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The latest update is out from Prinx Chengshan Holdings Limited ( (HK:1809) ).
Prinx Chengshan Holdings Limited has announced the approval of a maximum payment of HK$35 million to Futu Trustee Limited, the trustee of its 2024 Share Award Scheme. This payment, intended to cover the purchase price and expenses related to shares granted under the scheme, is considered a connected transaction under the Hong Kong Listing Rules. The transaction is deemed fair and reasonable by the board, aligning with the company’s interests and those of its shareholders.
More about Prinx Chengshan Holdings Limited
Prinx Chengshan Holdings Limited is a company incorporated in the Cayman Islands, operating in the tire manufacturing industry. It focuses on producing and distributing a wide range of tire products, catering to various market segments.
Average Trading Volume: 68,533
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.9B
Find detailed analytics on 1809 stock on TipRanks’ Stock Analysis page.