Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from SITC International Holdings Co., Ltd. ( (HK:1308) ) is now available.
SITC International Holdings has renewed its vessel chartering arrangements with Qingdao SITC by entering into a new 2026 Master Charter Agreement, extending the existing 2023 framework for a further three years from 1 January 2026 to 31 December 2028. As Qingdao SITC is deemed a connected person due to its ownership ties to the controlling shareholder’s family, the renewed charter agreement constitutes a continuing connected transaction under Hong Kong listing rules; however, because the applicable percentage ratios fall between 0.1% and 5%, the deal will only be subject to reporting and announcement requirements and will be exempt from the need for a circular and independent shareholders’ approval, streamlining compliance while securing vessel capacity for the group’s operations.
The most recent analyst rating on (HK:1308) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on SITC International Holdings Co., Ltd. stock, see the HK:1308 Stock Forecast page.
More about SITC International Holdings Co., Ltd.
SITC International Holdings Company Limited is a Hong Kong-listed shipping and logistics group focused on intra-Asia container transportation and related logistics services. The company operates through a fleet of vessels and partners with chartering entities to support its regional shipping network and meet ongoing operational requirements.
Average Trading Volume: 4,474,613
Technical Sentiment Signal: Buy
Current Market Cap: HK$72.52B
See more data about 1308 stock on TipRanks’ Stock Analysis page.