Yau Lee Holdings Limited (HK:0406) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Yau Lee Holdings Limited has entered into medical insurance agreements for one-year terms with Asia Insurance for both the company and its subsidiary, REC Engineering Company Limited, with premiums totaling approximately HK$7.3 million. These agreements are classified as connected transactions since Asia Insurance is owned by a controlling shareholder of Yau Lee Holdings, but they only require reporting and announcement, not shareholder approval.
For further insights into HK:0406 stock, check out TipRanks’ Stock Analysis page.