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The latest announcement is out from BHCC Holding Ltd. ( (HK:1552) ).
BHCC Holding Ltd. has announced a major and connected transaction involving its subsidiary, BHCC Projects, which has entered into a joint venture agreement for the development of land. The transaction includes a financial commitment of up to S$20 million and involves the provision of financial assistance through security documents. This arrangement, which exceeds 100% of applicable percentage ratios, is classified as a major transaction under listing rules and is subject to reporting and announcement requirements, though it is exempt from shareholder approval due to existing written consent.
More about BHCC Holding Ltd.
Average Trading Volume: 286,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$161.6M
Find detailed analytics on 1552 stock on TipRanks’ Stock Analysis page.