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Sinomax Group Ltd. ( (HK:1418) ) has provided an update.
Sinomax Group Limited has expanded its leasing arrangements in Haining, China, with its indirect non-wholly-owned subsidiary Sinomax Kuka signing a supplemental agreement to lease two additional premises from Zhejiang Puruimei for 2026 at a combined monthly rent of roughly RMB58,750, excluding management fees and other charges. Under HKFRS 16, the leases are treated as a one-off acquisition of right-of-use assets, and the size of the transaction means it remains a discloseable and connected transaction under Hong Kong listing rules, requiring reporting and announcement; the aggregation of the original 2024-2026 lease and the supplemental agreement underscores the group’s growing operational footprint in Haining while highlighting ongoing related-party dealings with a landlord connected to a director of Sinomax Kuka.
The most recent analyst rating on (HK:1418) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Sinomax Group Ltd. stock, see the HK:1418 Stock Forecast page.
More about Sinomax Group Ltd.
Sinomax Group Limited is a Hong Kong-listed company engaged through its subsidiaries in the manufacture and sale of home-related products, including furniture and related items, with operations structured via indirect non-wholly-owned subsidiaries such as Sinomax Kuka in mainland China.
Average Trading Volume: 231,511
Technical Sentiment Signal: Buy
Current Market Cap: HK$406M
For a thorough assessment of 1418 stock, go to TipRanks’ Stock Analysis page.