The latest update is out from Shoucheng Holdings Ltd. ( (HK:0697) ).
Shoucheng Holdings Ltd. has announced the renewal of its Carpark Operation Contractor Agreements through its subsidiary, Urban Parking Beijing. The agreements, effective from April 1, 2025, to March 31, 2035, involve partnerships with Beijing Chongwen, Beijing Chongyu, and China New World Electronics for carpark operation services in Beijing. Urban Parking Beijing will earn income from parking, rental fees, advertising, and other services. This renewal is considered a connected transaction under Hong Kong’s Listing Rules, requiring announcement and reporting but exempt from circular and independent shareholder approval.
More about Shoucheng Holdings Ltd.
YTD Price Performance: 45.83%
Technical Sentiment Signal: Strong Sell
Current Market Cap: €1.34B
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