Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Prosper Construction Holdings Limited ( (HK:6816) ) is now available.
Prosper Construction Holdings Limited announced that its subsidiary, Shui Fung Trading, has entered into a Products Sale and Purchase Framework Agreement with Shenzhen Defu to purchase branded consumer electronic products. The agreement, with an annual cap of RMB9,300,000, is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring annual review and reporting but exempt from independent shareholders’ approval. This strategic move is expected to enhance the company’s trading operations and strengthen its market position in the consumer electronics sector.
More about Prosper Construction Holdings Limited
Prosper Construction Holdings Limited, incorporated in the Cayman Islands, operates in the trading industry through its subsidiary Shui Fung Trading. The company focuses on the procurement and sale of branded consumer electronic products.
YTD Price Performance: 1.00%
Average Trading Volume: 81,125
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$80.8M
For a thorough assessment of 6816 stock, go to TipRanks’ Stock Analysis page.