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Wai Kee Holdings Announces New Business Services Agreements

Story Highlights
  • Wai Kee Holdings’ Build King enters agreements with NWD and CTFS for service provision until 2027.
  • The agreements require independent shareholder approval due to connected transaction status.
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Wai Kee Holdings Announces New Business Services Agreements

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An update from Wai Kee Holdings Limited ( (HK:0610) ) is now available.

Wai Kee Holdings Limited has announced that its subsidiary, Build King, has entered into Business Services Agreements with NWD and CTFS. These agreements, effective from January 1, 2025, to December 31, 2027, outline the provision of building and foundation services by Build King Group to NWD Group and CTFS Group. The transactions are classified as continuing connected transactions under the Listing Rules due to the substantial shareholding relationship between CTFS and Wai Kee Holdings. The agreements require approval from independent shareholders, with a special general meeting scheduled for July 28, 2025, to discuss and vote on the terms and proposed annual caps.

More about Wai Kee Holdings Limited

Average Trading Volume: 148,071

Technical Sentiment Signal: Sell

Current Market Cap: HK$531.4M

For an in-depth examination of 0610 stock, go to TipRanks’ Overview page.

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