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Tsit Wing International Holdings Limited ( (HK:2119) ) has issued an update.
Tsit Wing International Holdings Limited has announced that its subsidiary, TW Coffee, has been providing OEM services to Tai Luen, a subsidiary of DCH Food, since March 2024 under a three-year agreement. These transactions are considered continuing connected transactions under the Listing Rules due to DCH Food’s substantial shareholding in Tsit Wing. While current transaction amounts are below the reporting threshold, future transactions are expected to exceed this, requiring reporting and annual review but not independent shareholder approval.
The most recent analyst rating on (HK:2119) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tsit Wing International Holdings Limited stock, see the HK:2119 Stock Forecast page.
More about Tsit Wing International Holdings Limited
Tsit Wing International Holdings Limited operates in the food and beverage industry, primarily offering coffee and tea products. The company focuses on providing OEM services through its subsidiary TW Coffee.
Average Trading Volume: 143,729
Technical Sentiment Signal: Buy
Current Market Cap: HK$396.4M
For a thorough assessment of 2119 stock, go to TipRanks’ Stock Analysis page.