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Yan Tat Group’s Subsidiary Enters Construction Agreements

Story Highlights
  • Yan Tat Group’s subsidiary DMI signed construction agreements for workshop services.
  • The agreements are discloseable transactions under Listing Rules, requiring announcements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yan Tat Group’s Subsidiary Enters Construction Agreements

Yan Tat Group Holdings Limited ( (HK:1480) ) has issued an announcement.

Yan Tat Group Holdings Limited announced that its non-wholly owned subsidiary, DMI, has entered into two construction agreements with a contractor for electrical, mechanical, and interior works at a workshop. The total consideration for these agreements amounts to approximately US$2.77 million. These transactions are classified as discloseable under the Listing Rules due to the applicable percentage ratios, necessitating reporting and announcement requirements.

More about Yan Tat Group Holdings Limited

Yan Tat Group Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the electrical and mechanical works and interior works services industry.

YTD Price Performance: 9.80%

Average Trading Volume: 71,073

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$264M

Find detailed analytics on 1480 stock on TipRanks’ Stock Analysis page.

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