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An update from Sino Hotels (Holdings) Ltd. ( (HK:1221) ) is now available.
Sino Hotels (Holdings) Ltd. announced that its subsidiary, Bright Tower, has been awarded a new clubhouse management contract by SEM through a tendering process. This contract, effective from August 1, 2025, to July 31, 2028, involves managing the clubhouse of a property owned in part by the Ng Family, a connected person to the company. The contract outlines a monthly service fee starting at HK$487,000, increasing annually, and is classified as a continuing connected transaction under the Listing Rules, subject to certain reporting and review requirements.
More about Sino Hotels (Holdings) Ltd.
Sino Hotels (Holdings) Ltd. operates in the hospitality industry, focusing on providing hotel management and related services. The company is involved in managing properties and offering services that cater to the hospitality needs of its clients.
Average Trading Volume: 10,165
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.71B
For detailed information about 1221 stock, go to TipRanks’ Stock Analysis page.