Ten Pao Group Holdings Limited (HK:1979) has released an update.
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Ten Pao Group Holdings Limited has announced an adjustment in their annual spending caps due to a significant increase in demand for materials, vital for their expanding business operations. The company is revising the caps for their 2024 Golden Ocean Copper Framework Purchase Agreement for the years 2024 through 2026, with projected new caps ranging from HK$120,000,000 to HK$140,000,000. These changes are subject to approval at an upcoming Extraordinary General Meeting (EGM) where independent shareholders will review and vote on the revised agreement.
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