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Veson Holdings Limited ( (HK:1399) ) has provided an update.
Veson Holdings Limited has renewed a one-year lease agreement under which its indirect wholly owned subsidiary Scud Battery will continue to lease industrial and office premises in Fuzhou, Fujian to Scud Stock from 1 January 2026 to 31 December 2026, at an annual rent of approximately RMB7.48 million. As Scud Stock is 70% owned by the company’s controlling shareholder, the transaction is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but not higher approval thresholds, thereby formalising the ongoing related-party rental arrangement without materially changing its commercial terms or scale.
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 Battery, which owns industrial premises in Fuzhou, Fujian Province, used for factory, warehouse and office purposes. The group derives rental income from leasing these facilities to related parties involved in stock storage and associated operations.
Average Trading Volume: 457,853
Technical Sentiment Signal: Sell
Current Market Cap: HK$207.1M
Find detailed analytics on 1399 stock on TipRanks’ Stock Analysis page.