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Sinomax Group Ltd. ( (HK:1418) ) just unveiled an announcement.
Sinomax Group’s indirect wholly owned subsidiary Dongguan Sinohome has signed a new one-year lease with connected party Dongguan Donglian for its Dongguan premises, covering the period from 1 January to 31 December 2026 at a monthly rent of RMB1.3 million. The deal, classified as a connected transaction due to Dongguan Donglian’s ownership by a controlling shareholder, remains below key regulatory thresholds, meaning it requires reporting and announcement but is exempt from circular and independent shareholder approval, and the lease will be treated as a short-term rental expense under HKFRS 16 rather than creating right-of-use assets or lease liabilities.
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 Cayman Islands-incorporated company listed in Hong Kong that operates through subsidiaries such as Dongguan Sinohome, utilizing leased industrial premises in Dongguan, China, to support its manufacturing and operational activities.
Average Trading Volume: 231,511
Technical Sentiment Signal: Buy
Current Market Cap: HK$406M
Learn more about 1418 stock on TipRanks’ Stock Analysis page.