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An announcement from Shandong International Trust Corp. Class H ( (HK:1697) ) is now available.
Shandong International Trust Co., Ltd., a Hong Kong–listed PRC trust and financial services provider, relies on group synergies with its controlling shareholder Lucion Group and affiliated entities for technology, financial services and trust-related business. The company has renewed several framework agreements with Lucion Group and Lucion Science and Technology for a further three-year term from 1 January 2026 to 31 December 2028, covering information technology services, financial services, financing and investment, and trust business. These renewed framework agreements constitute continuing connected transactions under Hong Kong Listing Rules, triggering reporting, announcement and annual review requirements, with one trust framework agreement also requiring a circular and independent shareholders’ approval due to its higher transaction cap. The company will convene a general meeting and dispatch a circular to shareholders, underscoring both its ongoing operational dependence on intra-group arrangements and the heightened regulatory oversight intended to protect minority shareholders’ interests.
The most recent analyst rating on (HK:1697) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shandong International Trust Corp. Class H stock, see the HK:1697 Stock Forecast page.
More about Shandong International Trust Corp. Class H
Shandong International Trust Co., Ltd. is a PRC-incorporated trust company listed in Hong Kong that operates in the financial services industry, focusing on trust, financing and investment services. The company works closely with its controlling shareholder Lucion Group and its subsidiaries, leveraging group resources, financial services and technology support as part of its business model and market positioning.
Average Trading Volume: 461,928
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.75B
For detailed information about 1697 stock, go to TipRanks’ Stock Analysis page.