Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Tong Ren Tang Technologies Co ( (HK:1666) ) has provided an update.
Tong Ren Tang Technologies has renewed its property leasing framework agreement with its ultimate controlling shareholder, Tong Ren Tang Holdings, for a further three-year term from 1 January 2026 to 31 December 2028, covering the lease of production, office, warehouse and staff quarters needed for the group’s operations. The arrangement, treated as continuing connected transactions and an asset acquisition under Hong Kong Listing Rules and IFRS 16, will be subject to reporting, annual review and announcement requirements but will not require independent shareholders’ approval, with rental levels to be set by reference to market prices and on arm’s length terms, helping to secure stable operational premises while addressing governance and pricing safeguards for minority investors.
The most recent analyst rating on (HK:1666) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Tong Ren Tang Technologies Co stock, see the HK:1666 Stock Forecast page.
More about Tong Ren Tang Technologies Co
Tong Ren Tang Technologies Co. is a Hong Kong-listed joint stock company incorporated in the People’s Republic of China and ultimately controlled by Tong Ren Tang Holdings. The group operates within the traditional Chinese medicine and pharmaceutical industry, using leased production, office, warehousing and staff premises to support its manufacturing and operational activities in mainland China and potentially other markets where it distributes its products.
Average Trading Volume: 1,033,606
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.71B
Learn more about 1666 stock on TipRanks’ Stock Analysis page.