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S.A.I Leisure Group Renews QZ Framework Agreement with Revised Cap

Story Highlights
  • S.A.I Leisure Group renews its QZ Framework Agreement for six months with a revised cap.
  • The renewal reflects uncertainty in Saipan’s tourism market recovery and requires shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
S.A.I Leisure Group Renews QZ Framework Agreement with Revised Cap

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S.A.I Leisure Group Co. Ltd. ( (HK:1832) ) has issued an update.

S.A.I Leisure Group Co. Ltd. has announced the renewal of its 1H2025 QZ Framework Agreement with QZ Tours, extending it for six months from July 1, 2025, to December 31, 2025. The revised agreement maintains the same terms and conditions but sets a new annual cap of US$2,108,000. This decision reflects the company’s cautious approach due to the uncertain recovery pace of the tourism market in Saipan. The renewal and revised cap are subject to shareholder approval and compliance with applicable listing rules. An Independent Board Committee and an Independent Financial Adviser have been appointed to guide shareholders on the agreement’s terms. A circular with detailed information is expected to be dispatched to shareholders by April 17, 2025.

More about S.A.I Leisure Group Co. Ltd.

YTD Price Performance: -3.70%

Average Trading Volume: 25,560

Technical Sentiment Signal: Buy

Current Market Cap: HK$187.2M

Learn more about 1832 stock on TipRanks’ Stock Analysis page.

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