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Shenzhou International Group Holdings ( (HK:2313) ) just unveiled an announcement.
Shenzhou International Group Holdings Limited has announced a new lease agreement between its subsidiary, Shenzhou Knitting, and Shenzhou Properties. This three-year lease, starting January 1, 2026, and ending December 31, 2028, involves Shenzhou Properties leasing properties to Shenzhou Knitting. The transaction is classified as a connected transaction under the Hong Kong Listing Rules, requiring the company to recognize the value of the right-of-use asset. While the transaction is subject to reporting and announcement requirements, it is exempt from the need for a circular and independent shareholders’ approval due to the applicable percentage ratios.
The most recent analyst rating on (HK:2313) stock is a Buy with a HK$76.00 price target. To see the full list of analyst forecasts on Shenzhou International Group Holdings stock, see the HK:2313 Stock Forecast page.
More about Shenzhou International Group Holdings
Shenzhou International Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the textile industry. It operates through its wholly-owned subsidiary, Shenzhou Knitting, focusing on knitting and textile production.
YTD Price Performance: 8.94%
Average Trading Volume: 5,927,445
Technical Sentiment Signal: Buy
Current Market Cap: HK$96.96B
Find detailed analytics on 2313 stock on TipRanks’ Stock Analysis page.