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Founder Holdings ( (HK:0418) ) has issued an announcement.
Founder Holdings has announced updates to its agreements concerning the leasing and management of premises by its wholly-owned subsidiary, Founder EasiPrint. The company has entered into a Supplemental Lease Agreement with New Founder Boya and an Amendment Management Agreement with Shanghai Delin. These agreements involve the termination of leasing certain areas and adjustments to rental payments and management fees, reflecting changes in the scope of services. These transactions are classified as continuing connected transactions under the Listing Rules due to the controlling interest held by New Founder in the company.
The most recent analyst rating on (HK:0418) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Founder Holdings stock, see the HK:0418 Stock Forecast page.
More about Founder Holdings
Average Trading Volume: 818,519
Technical Sentiment Signal: Hold
Current Market Cap: HK$877.3M
For a thorough assessment of 0418 stock, go to TipRanks’ Stock Analysis page.