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Shaw Brothers Holdings Limited ( (HK:0953) ) has shared an announcement.
Shaw Brothers Holdings Limited has announced new annual caps for continuing connected transactions under its artiste management agreements and related performance guarantees for the three financial years ending 31 December 2026, 2027 and 2028. Based on historical receipts by subsidiary Tailor Made, the company has set annual caps of RMB20 million each year for Artiste Management Agreement 1 and Performance Guarantee 1, and RMB3 million each year for Artiste Management Agreement 2 and Performance Guarantee 2, reflecting an expectation of higher transaction volumes and providing a framework for ongoing artiste management activities with connected parties through 2028.
The most recent analyst rating on (HK:0953) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shaw Brothers Holdings Limited stock, see the HK:0953 Stock Forecast page.
More about Shaw Brothers Holdings Limited
Shaw Brothers Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the entertainment sector, with a focus on artiste management services and related performance guarantees, primarily conducted through its subsidiary Tailor Made.
Average Trading Volume: 2,373,333
Technical Sentiment Signal: Buy
Current Market Cap: HK$418.8M
For detailed information about 0953 stock, go to TipRanks’ Stock Analysis page.