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Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited Class H ( (HK:1379) ) has shared an update.
Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited has renewed its leasing relationship with connected shareholder Wenling City Qiaoling Investment Development Company Limited by entering a new factory premises lease for 2026 through its subsidiary Sunrise. The agreement, effective retrospectively from 1 January to 31 December 2026, covers 17,150.54 square metres at the Sunrise Measuring and Cutting Tools Incubation Park at an annual rent of about RMB2.69 million, aiming to maintain occupancy and utilisation of group assets.
Because Qiaoling Investment holds about 14.48% of the company and is a controlling shareholder, the lease is treated as a continuing connected transaction under Hong Kong Listing Rules and must be aggregated with an existing smaller lease at the same park. While the relevant percentage ratios remain below 5%, the higher annual caps above HK$3 million trigger reporting, announcement and annual review requirements, but exempt the deal from independent shareholders’ approval and circular obligations, balancing regulatory oversight with operational continuity for stakeholders.
The most recent analyst rating on (HK:1379) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited Class H stock, see the HK:1379 Stock Forecast page.
More about Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited Class H
Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited is a PRC-incorporated joint stock company listed in Hong Kong that operates in the measuring and cutting tools sector. Through its wholly owned subsidiary Wenling Sunrise Real Estate Development Co., Ltd., the group also leases industrial premises at the Sunrise Measuring and Cutting Tools Incubation Park in Zhejiang, serving manufacturing and related tenants within the tools ecosystem.
Average Trading Volume: 58,958
Technical Sentiment Signal: Buy
Current Market Cap: HK$292M
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