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An update from Sun Hung Kai & Co. Limited ( (HK:0086) ) is now available.
Sun Hung Kai & Co. Limited has renewed its sharing of management services arrangement with its majority shareholder, Allied Group Limited, by entering into a new agreement covering the period from 1 January 2026 to 31 December 2028. Under this agreement, the company will reimburse AGL on a cost basis for a portion of the remuneration of designated management staff who devote time to Sun Hung Kai & Co.’s affairs, with chargeable percentages generally ranging from 15% to 30% according to estimated time allocation. The transaction is classified as a continuing connected transaction under Hong Kong listing rules due to AGL’s 73.51% indirect holding, triggering reporting, announcement and annual review requirements while remaining exempt from independent shareholders’ approval, thereby formalising ongoing intra-group service sharing while maintaining regulatory compliance.
More about Sun Hung Kai & Co. Limited
Sun Hung Kai & Co. Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong that operates as part of a broader corporate group controlled by Allied Group Limited (AGL), which holds a majority stake of approximately 73.51%. The group structure means Sun Hung Kai & Co. shares certain management resources and corporate functions with its parent, reflecting an integrated approach to overseeing its business operations and strategic development within the Hong Kong market.
Average Trading Volume: 464,296
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$7.71B
For an in-depth examination of 0086 stock, go to TipRanks’ Overview page.