Yau Lee Holdings Limited (HK:0406) has released an update.
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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.
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