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Rizhao Port Jurong Revises Lease Agreement Caps with Rizhao Port Group

Story Highlights
  • Rizhao Port Jurong revises annual caps in its lease agreement with Rizhao Port Group.
  • The revision requires compliance with reporting and review rules but is exempt from some approvals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rizhao Port Jurong Revises Lease Agreement Caps with Rizhao Port Group

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Rizhao Port Jurong Co. Ltd. Class H ( (HK:6117) ) just unveiled an update.

Rizhao Port Jurong Co. Ltd. has entered into a Supplemental Agreement with Rizhao Port Group to revise the annual caps under the 2025 – 2027 Property Lease Framework Agreement. This revision affects the financial terms of leasing agreements for berths and related properties, but all other terms remain unchanged. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring compliance with specific reporting and review requirements, though it is exempt from some approval processes due to its size.

The most recent analyst rating on (HK:6117) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Rizhao Port Jurong Co. Ltd. Class H stock, see the HK:6117 Stock Forecast page.

More about Rizhao Port Jurong Co. Ltd. Class H

Rizhao Port Jurong Co. Ltd. Class H operates in the port and logistics industry, primarily focusing on leasing berths and related properties. The company is based in the People’s Republic of China and is involved in facilitating port operations through its leasing agreements.

Average Trading Volume: 1,241,571

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.26B

See more data about 6117 stock on TipRanks’ Stock Analysis page.

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