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United Strength Power Holdings Ltd. ( (HK:2337) ) has provided an update.
United Strength Power Holdings Ltd. has announced new agreements to continue its petroleum and refined oil products supply operations beyond 2025. The 2026 Petroleum Supply Agreement with Songyuan Petrochemical and the 2026 Refined Oil Products Supply Agreement with United Strength Vehicle Service will run from January 2026 to December 2028. These agreements are classified as non-exempt continuing connected transactions under Hong Kong’s Listing Rules due to the involvement of controlling shareholder Mr. Zhao, necessitating independent shareholder approval and compliance with reporting requirements.
The most recent analyst rating on (HK:2337) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on United Strength Power Holdings Ltd. stock, see the HK:2337 Stock Forecast page.
More about United Strength Power Holdings Ltd.
United Strength Power Holdings Ltd. operates in the energy sector, focusing on the supply of petroleum and refined oil products. The company engages in agreements with entities like Songyuan Petrochemical and United Strength Vehicle Service to facilitate these transactions.
Average Trading Volume: 603,524
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$640.4M
For detailed information about 2337 stock, go to TipRanks’ Stock Analysis page.