Sundart Holdings Ltd. (HK:1568) has released an update.
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Sundart Holdings Ltd., after market hours on May 31, 2024, signed a Construction Management Services Entrustment Agreement with an Agent controlled by a non-executive Director and his spouse, committing to a fixed management fee of RMB 10.5 million. The deal, which involves overseeing the construction of a property until May 2026, falls within Hong Kong Listing Rules for reporting and review due to its connected person status, but doesn’t require shareholder approval.
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