Shougang Century Further Delays Circular on New Finance Services Agreement

Shougang Concord Century Holding Ltd. ( (HK:0103) ) has issued an announcement.

Shougang Century Holdings Limited has announced a further delay in sending a shareholder circular related to continuing connected transactions under a New Finance Services Agreement. The circular, which will include details of the agreement, independent financial advice, board recommendations and a meeting notice, was originally expected on or before 27 February 2026.

The company now plans to seek approval of the New Finance Services Agreement on the same date as its forthcoming annual general meeting to be held on or before 30 June 2026. By aligning the approvals, the board aims to boost administrative efficiency, cut costs and give independent shareholders more time to review the proposed transactions and related recommendations, with the circular now expected to be dispatched on or before 31 May 2026.

The most recent analyst rating on (HK:0103) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shougang Concord Century Holding Ltd. stock, see the HK:0103 Stock Forecast page.

More about Shougang Concord Century Holding Ltd.

Shougang Century Holdings Limited is a Hong Kong-incorporated company listed on the Stock Exchange of Hong Kong. The group operates in the industrial and manufacturing sphere under the Shougang brand, serving customers in China and potentially broader regional markets, and is overseen by a diversified board comprising executive, non-executive and independent non-executive directors.

Average Trading Volume: 113,422

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.55B

For detailed information about 0103 stock, go to TipRanks’ Stock Analysis page.