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Wharf Real Estate Investment Co ( (HK:1997) ) has issued an update.
Wharf Real Estate Investment Co and Wharf Group have entered into a New Master Hotel Services Agreement to regulate ongoing connected transactions related to hotel services. This agreement, effective from January 1, 2026, to December 31, 2028, outlines the provision of comprehensive hotel-related services by Wharf Group to WREIC. The agreement ensures compliance with listing rules, setting annual cap amounts for service fees and allowing for individual service agreements. This strategic move aims to streamline operations and strengthen the partnership between the two entities, potentially enhancing their market positioning and operational efficiency.
The most recent analyst rating on (HK:1997) stock is a Hold with a HK$26.00 price target. To see the full list of analyst forecasts on Wharf Real Estate Investment Co stock, see the HK:1997 Stock Forecast page.
More about Wharf Real Estate Investment Co
Wharf Real Estate Investment Co (WREIC) operates within the real estate industry, focusing on owning and managing hotel properties and projects in Hong Kong and the Chinese Mainland. The company collaborates with Wharf Group, which provides hotel-related services, including management, marketing, and technical services, for WREIC’s portfolio.
Average Trading Volume: 4,542,297
Technical Sentiment Signal: Buy
Current Market Cap: HK$73.48B
See more data about 1997 stock on TipRanks’ Stock Analysis page.