Veeko Seeks Waiver as Dispatch of Major-Transaction Circular Delayed

The latest announcement is out from Veeko International Holdings Limited ( (HK:1173) ).

Veeko International Holdings has announced a delay in sending a shareholder circular related to a major transaction involving the disposal of a property. As Silver Crown, the controlling shareholder, has already provided written approval in lieu of a general meeting, the company is now focused on completing required documentation under Hong Kong listing rules.

The delay stems from the need for more time to finalise key information, including the group’s statement of indebtedness, a valuation report on the property, and a working capital sufficiency letter. Veeko has applied to the Hong Kong Stock Exchange for a waiver from the strict dispatch deadline and now expects to deliver the circular to shareholders on or before 27 March 2026, which could modestly impact the timetable but not the substance of the disposal transaction.

The most recent analyst rating on (HK:1173) stock is a Hold with a HK$0.03 price target. To see the full list of analyst forecasts on Veeko International Holdings Limited stock, see the HK:1173 Stock Forecast page.

More about Veeko International Holdings Limited

Veeko International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded under stock code 1173. The group operates under the control of major shareholder Silver Crown, which holds approximately 55.34% of the company’s issued share capital, giving it significant influence over corporate decisions and approvals.

Average Trading Volume: 1,241,500

Technical Sentiment Signal: Sell

Current Market Cap: HK$78.06M

Learn more about 1173 stock on TipRanks’ Stock Analysis page.