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The latest update is out from Veson Holdings Limited ( (HK:1399) ).
Veson Holdings Limited has announced two significant agreements involving its subsidiaries, Scud Battery and Scud Electronics. These agreements are with Scud Power Technology and Vietnam Scud Power Technology, both connected entities under the company’s control. The Processing Framework Agreement involves Scud Battery providing printed circuit board assembly services to Scud Power Technology for three years. Meanwhile, the Sales Framework Agreement involves Scud Electronics supplying products such as battery cells and plastic parts to Vietnam Scud Power Technology, also for a three-year term. These transactions are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring independent shareholders’ approval due to exceeding certain percentage thresholds.
More about Veson Holdings Limited
YTD Price Performance: 5.26%
Average Trading Volume: 144,051
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$218M
Learn more about 1399 stock on TipRanks’ Stock Analysis page.