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Singamas Container Holdings ( (HK:0716) ) just unveiled an announcement.
Singamas Container Holdings Limited has entered into a Leasing Framework Agreement with SCLC for the lease of containers, effective from March 2024 to December 2034. This agreement, involving recurring transactions, is considered a continuing connected transaction under the Hong Kong Stock Exchange Listing Rules, requiring annual reporting but exempt from shareholder approval due to its compliance with specific regulatory thresholds.
The most recent analyst rating on (HK:0716) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Singamas Container Holdings stock, see the HK:0716 Stock Forecast page.
More about Singamas Container Holdings
Singamas Container Holdings Limited is a company incorporated in Hong Kong, primarily involved in the manufacturing and leasing of containers. The company operates within the logistics and transportation industry, focusing on providing container solutions to various clients.
YTD Price Performance: 8.94%
Average Trading Volume: 3,171,428
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.6B
For an in-depth examination of 0716 stock, go to TipRanks’ Overview page.