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The latest announcement is out from Sino-Ocean Group Holding ( (HK:3377) ).
Sino-Ocean Group Holding Limited, through its wholly-owned subsidiary Senior Living L’Amore, has entered into a Service Procurement Agreement with China Life Insurance Beijing Branch. This agreement involves providing senior care service benefits to designated customers of China Life Insurance, with a total contract value not exceeding RMB5,500,000. The arrangement constitutes a connected transaction under Hong Kong’s Listing Rules, due to China Life Insurance being a substantial shareholder of Sino-Ocean. This partnership allows eligible policyholders of China Life Insurance to access priority residency, discount benefits, and value-added services in Senior Living L’Amore communities, enhancing the company’s market positioning in the senior care sector.
More about Sino-Ocean Group Holding
Sino-Ocean Group Holding Limited is a company incorporated in Hong Kong with limited liability, primarily engaged in real estate development and investment, focusing on providing senior living communities and care services.
YTD Price Performance: -47.77%
Average Trading Volume: 79,847,273
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.5B
For a thorough assessment of 3377 stock, go to TipRanks’ Stock Analysis page.