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Veson Holdings Limited ( (HK:1399) ) just unveiled an announcement.
Veson Holdings Limited has renewed a one-year lease agreement under which its indirect wholly owned subsidiary Scud Electronics will continue to rent factory, office and warehouse premises from Scud Stock, a company 70% owned by Veson’s controlling shareholder, Mr. Fang. The new lease, running from 1 January 2026 to 31 December 2026, covers approximately 48,037 square metres in Mawei District, Fuzhou, at an annual rental of RMB9.61 million, slightly lower than the previous year’s rent, and is treated as a continuing connected transaction subject to reporting, announcement and annual review requirements under Hong Kong’s listing rules, underscoring ongoing related-party oversight for shareholders while securing continuity of production and office operations for the group.
The most recent analyst rating on (HK:1399) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Veson Holdings Limited stock, see the HK:1399 Stock Forecast page.
More about Veson Holdings Limited
Veson Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Scud Electronics, and is involved in manufacturing activities that require substantial factory, office and warehouse facilities in Fuzhou, Fujian Province, China.
Average Trading Volume: 457,853
Technical Sentiment Signal: Sell
Current Market Cap: HK$207.1M
See more data about 1399 stock on TipRanks’ Stock Analysis page.