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Asian Citrus Holdings ( (HK:0073) ) has shared an update.
Asian Citrus Holdings Limited, through its subsidiary Jinlong Construction, is involved in the air conditioners distribution business. The company has placed a purchase order with JAC for goods worth approximately RMB1.0 million to meet its ongoing procurement needs. This transaction is considered a connected transaction under the Hong Kong Stock Exchange’s Listing Rules due to the ownership structure of JAC, which is controlled by relatives of Mr. Kung, a significant stakeholder. Although the purchase order does not constitute a notifiable transaction, it is subject to reporting and annual review requirements.
The most recent analyst rating on (HK:0073) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Asian Citrus Holdings stock, see the HK:0073 Stock Forecast page.
More about Asian Citrus Holdings
Average Trading Volume: 8,052
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$27.57M
See more insights into 0073 stock on TipRanks’ Stock Analysis page.