Tat Hong Renews Connected Transaction Framework with Yongmao to 2029

Tat Hong Equipment Service Co. Ltd. ( (HK:2153) ) has shared an announcement.

Tat Hong Equipment Service Co., Ltd. has renewed its framework arrangement with Yongmao Group by entering into a New Yongmao Master Agreement, allowing relevant transactions to continue for a further three-year term from 1 April 2026 to 31 March 2029, with terms largely unchanged aside from new annual caps. As Yongmao is deemed a connected person through the shareholding interests of non-executive director Mr. Sun, the arrangement constitutes a non-exempt continuing connected transaction under Hong Kong Listing Rules, triggering requirements for independent shareholder approval, an independent board committee recommendation, and advice from an independent financial adviser, with a circular to be dispatched ahead of an extraordinary general meeting.

The most recent analyst rating on (HK:2153) stock is a Hold with a HK$0.91 price target. To see the full list of analyst forecasts on Tat Hong Equipment Service Co. Ltd. stock, see the HK:2153 Stock Forecast page.

More about Tat Hong Equipment Service Co. Ltd.

Tat Hong Equipment Service Co., Ltd., listed in Hong Kong and incorporated in the Cayman Islands, operates in the construction equipment services sector, focusing on crane and related heavy equipment solutions, and engages in transactions with connected parties within its wider corporate group.

Average Trading Volume: 242,622

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.14B

For an in-depth examination of 2153 stock, go to TipRanks’ Overview page.