Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Vincent Medical Holdings Limited ( (HK:1612) ) has provided an announcement.
Vincent Medical Holdings Limited has announced the renewal of its lease agreements with VRDL and VRDG for properties in Hong Kong and the PRC, extending the lease term from January 2026 to December 2027. Additionally, the company has renewed its agreement with VRDG for the supply of plastic and metal components and related services for the same period. These transactions are considered connected transactions under the Listing Rules, requiring announcement and reporting but exempt from circular and independent shareholders’ approval. The renewal agreements will result in the recognition of additional right-of-use assets valued at approximately HK$21.6 million, impacting the company’s financial statements.
The most recent analyst rating on (HK:1612) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Vincent Medical Holdings Limited stock, see the HK:1612 Stock Forecast page.
More about Vincent Medical Holdings Limited
Vincent Medical Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the healthcare industry. The company focuses on providing healthcare and wellness products and services, including plastic and metal components, as well as painting, embossing, repairing, and moulding services.
Average Trading Volume: 860,180
Technical Sentiment Signal: Buy
Current Market Cap: HK$547M
For a thorough assessment of 1612 stock, go to TipRanks’ Stock Analysis page.