Wai Kee Holdings Secures HK$11.15 Million Construction Sub-Contract

The latest update is out from Wai Kee Holdings Limited ( (HK:0610) ).

Wai Kee Holdings Limited, through its subsidiary Titan, has secured a horizontal pipe pile sub-contract worth approximately HK$11.15 million from Vibro HK, a connected entity under the Listing Rules. This contract is part of a larger development project in Kai Tak, Kowloon, and involves significant construction tasks such as foundation and excavation works. The transaction is classified as a connected transaction, requiring compliance with specific reporting and announcement requirements, although it is exempt from certain shareholder approval processes. This development is expected to enhance Wai Kee Holdings’ project portfolio and strengthen its position in the construction industry.

More about Wai Kee Holdings Limited

Wai Kee Holdings Limited operates in the construction and engineering industry, focusing on infrastructure development and construction services. The company is involved in various projects, including foundation and excavation works, and is known for its expertise in handling complex construction tasks.

Average Trading Volume: 105,065

Technical Sentiment Signal: Sell

Current Market Cap: HK$507.6M

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