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SJM Holdings ( (HK:0880) ) has issued an announcement.
SJM Resorts has signed a one-year agreement with Clean Living, an associate of director Ms. Ho’s family interests, to outsource laundry services for linens, uniforms and other items at Grand Lisboa Hotel and Casino Oceanus/Jai Alai Hotel from 1 January to 31 December 2026. The deal was awarded via open tender at market-based rates, is non-exclusive, and qualifies as a continuing connected transaction under Hong Kong listing rules, triggering announcement, reporting and annual review requirements but exempting the company from circular and independent shareholder approval obligations.
Under the terms, SJM Resorts can terminate the arrangement with two months’ written notice and remains free to engage other independent laundry providers, while any renewal beyond 2026 will require compliance with applicable listing rules. The structure and pricing safeguards are intended to demonstrate that the related-party transaction is conducted on normal commercial terms, balancing operational efficiency in hotel support services with regulatory transparency for investors and other stakeholders.
The most recent analyst rating on (HK:0880) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.
More about SJM Holdings
SJM Holdings, through its subsidiary SJM Resorts, operates hotel and casino properties in Macau, including the Grand Lisboa Hotel and Casino Oceanus/Jai Alai Hotel. The group provides gaming, hospitality and related services in the Macau market, relying on a range of outsourced and in-house operations to support its integrated resort offerings.
Average Trading Volume: 12,740,391
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$16.9B
For a thorough assessment of 0880 stock, go to TipRanks’ Stock Analysis page.