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Kingdom Holdings Announces New Linen Yarn Project in Egypt

Story Highlights
  • Kingdom Holdings’ subsidiary secures a major contract for a linen yarn project in Egypt.
  • The transaction is discloseable under Hong Kong’s Listing Rules, requiring reporting obligations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kingdom Holdings Announces New Linen Yarn Project in Egypt

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Kingdom Holdings Limited ( (HK:0528) ) just unveiled an announcement.

Kingdom Holdings Limited, through its subsidiary Zhejiang Jinyuan, has entered into a Master Agreement with Zhejiang Haichen for an engineering, procurement, and construction contract for a new linen yarn project in Egypt. This agreement, valued at RMB72,000,000, includes a contract price and an incentive bonus. The project involves sub-contracts with Hangzhou Lixuan and Haichen Egypt, focusing on procurement and construction management. The transaction is classified as discloseable under Hong Kong’s Listing Rules, requiring specific reporting and announcement obligations.

The most recent analyst rating on (HK:0528) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Kingdom Holdings Limited stock, see the HK:0528 Stock Forecast page.

More about Kingdom Holdings Limited

Average Trading Volume: 105,034

Technical Sentiment Signal: Buy

Current Market Cap: HK$715.1M

Find detailed analytics on 0528 stock on TipRanks’ Stock Analysis page.

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