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Regina Miracle International (Holdings) Limited ( (HK:2199) ) just unveiled an announcement.
Regina Miracle International has set new annual caps for its renewed Float sales agreement, limiting sales to HK$30 million, HK$45 million and HK$60 million for the financial years ending 31 March 2027, 2028 and 2029, respectively. The board based these caps on historical transaction values, prevailing market prices and expected demand for intimate wear, sportswear and pandemic prevention products.
The company expects Float Group to expand geographically into Canada and Mexico through online platforms, broaden its e-commerce channels and introduce a new activewear category with wider size ranges. Directors, including independent non-executive members, consider the renewed agreement to be on normal commercial terms, fair and reasonable, and in the interests of the company and its shareholders, indicating confidence in incremental transaction growth from Float’s expansion.
More about Regina Miracle International (Holdings) Limited
Regina Miracle International (Holdings) Limited is a Hong Kong-listed manufacturer focused on intimate wear, sportswear and related products. The group supplies these items to various brands and channels, positioning itself within the global apparel and functional clothing supply chain.
Average Trading Volume: 299,157
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.44B
See more insights into 2199 stock on TipRanks’ Stock Analysis page.