Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Regina Miracle International (Holdings) Limited ( (HK:2199) ) is now available.
Regina Miracle International has renewed its sales arrangement with Float Group, agreeing a new three-year Float Sales Agreement effective 1 April 2026 under which the company and its subsidiaries will supply intimate wear, sportswear and pandemic prevention products through to 31 March 2029. Float is wholly owned by the daughter of Regina Miracle’s chairman, making it a connected party, so the renewed deal is classified as a continuing connected transaction under Hong Kong listing rules and, while exempt from circular and independent shareholders’ approval due to its size, remains subject to reporting, annual review and announcement requirements.
Pricing for products supplied to Float Group will be set on an arm’s length basis by referencing production costs, target gross margins, recent comparable transactions with independent third parties and prevailing market prices, with terms no less favourable than those offered to independent customers. The board believes this pricing framework and compliance with Chapter 14A safeguards minority shareholders’ interests while maintaining a stable revenue stream from a related-party customer over the next three years, with an option for a further extension subject to negotiation before the agreement expires.
The most recent analyst rating on (HK:2199) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Regina Miracle International (Holdings) Limited stock, see the HK:2199 Stock Forecast page.
More about Regina Miracle International (Holdings) Limited
Regina Miracle International (Holdings) Limited is a Hong Kong-listed manufacturer in the apparel sector, focusing on intimate wear, sportswear and related products. The group supplies brand partners and distributors, with a market presence that extends across various product categories including pandemic prevention items.
Average Trading Volume: 308,508
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.47B
For detailed information about 2199 stock, go to TipRanks’ Stock Analysis page.