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Xingfa Aluminium Holdings Ltd. ( (HK:0098) ) just unveiled an announcement.
Xingfa Aluminium has renewed its connected tenancy arrangements for 2025 through its subsidiaries Henan Xingfa and Jiangxi Xingfa, which entered into new tenancy agreements with Henan Jingxing and Jiangxi Jingxing for leasing production plants and related facilities. As both Jingxing entities are indirect non-wholly owned subsidiaries of substantial shareholder China Lesso, the leases constitute continuing connected transactions under Hong Kong listing rules; however, with applicable percentage ratios above 0.1% but below 5%, they are only subject to reporting, announcement and annual review requirements, and are exempt from circular and independent shareholders’ approval, providing ongoing operational continuity while maintaining regulatory compliance for related-party transactions.
The most recent analyst rating on (HK:0098) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on Xingfa Aluminium Holdings Ltd. stock, see the HK:0098 Stock Forecast page.
More about Xingfa Aluminium Holdings Ltd.
Xingfa Aluminium Holdings Limited is a Hong Kong–listed manufacturer in the aluminium industry, focusing on aluminium panels and related construction materials. Through subsidiaries such as Henan Xingfa and Jiangxi Xingfa, the group operates production plants and facilities that support welding, assembling, recycling and maintenance activities for aluminium products used in the building sector.
Average Trading Volume: 29,390
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.07B
See more data about 0098 stock on TipRanks’ Stock Analysis page.