TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Wai Kee Holdings Limited ( (HK:0610) ) has shared an announcement.
Wai Kee Holdings Limited has entered into a Purchase Framework Agreement with Quon Hing to secure a reliable supply of concrete for the next three years, with annual caps set at HK$20 million. This agreement is part of the company’s strategy to meet increasing demand and mitigate risks associated with sudden spikes in concrete needs, ensuring the smooth progression of construction projects. The transactions are classified as continuing connected transactions under the Listing Rules, requiring reporting and annual reviews but exempt from shareholder approval.
The most recent analyst rating on (HK:0610) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Wai Kee Holdings Limited stock, see the HK:0610 Stock Forecast page.
More about Wai Kee Holdings Limited
Wai Kee Holdings Limited operates in the construction industry, focusing on the production and sales of concrete and undertaking construction projects in Hong Kong through its subsidiary, Build King. The company acts as both a supplier and customer for concrete, adapting to market demands and ensuring timely project completion.
Average Trading Volume: 442,992
Technical Sentiment Signal: Hold
Current Market Cap: HK$594.8M
See more data about 0610 stock on TipRanks’ Stock Analysis page.