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An announcement from Zhuguang Holdings Group Co., Ltd. ( (HK:1176) ) is now available.
Zhuguang Holdings has signed a new series of property management service agreements with its connected property management affiliate, extending existing arrangements for a further three years from 1 January 2026 to 31 December 2028. Because the management company is 90% owned by a close family member of the group’s controlling shareholders and directors, the deals are classified as continuing connected transactions under Hong Kong listing rules; while they trigger reporting, announcement and annual review requirements, the relatively low transaction size exempts them from the need for a shareholder circular, independent financial advice and independent shareholders’ approval, signalling continuity of operations with limited additional regulatory burden for stakeholders.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
More about Zhuguang Holdings Group Co., Ltd.
Zhuguang Holdings Group Company Limited, incorporated in Bermuda and listed in Hong Kong, operates in the property-related sector and engages, through its subsidiaries, in activities that require ongoing property management services for its projects in mainland China.
Average Trading Volume: 1,567,024
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$469.1M
For an in-depth examination of 1176 stock, go to TipRanks’ Overview page.