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Prosper Construction Updates Framework Agreement and Clarifies Announcement Errors

Story Highlights
  • Prosper Construction sets a RMB9.3 million annual cap for its product sourcing agreement.
  • The company is expanding its customer base and may adjust the cap if demands exceed expectations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Confident Investing Starts Here:

An update from Prosper Construction Holdings Limited ( (HK:6816) ) is now available.

Prosper Construction Holdings Limited announced a supplement to its previous announcement regarding the Products Sale and Purchase Framework Agreement. The company has set an annual cap of RMB9.3 million for products sourced from Party B Group to meet potential customer demands. The board considers this cap to be fair and reasonable, and the company is prepared to adjust it if actual demands exceed expectations. Additionally, the company is working on expanding its customer base and formulating a long-term business forecast. The announcement also addressed clerical mistakes in the English version of the previous announcement, clarifying payment terms and internal control statements.

More about Prosper Construction Holdings Limited

Prosper Construction Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the construction industry. The company focuses on providing engineering services and is actively developing its sales network and procurement channels to enhance its market presence.

Average Trading Volume: 87,500

Technical Sentiment Signal: Sell

Current Market Cap: HK$90.4M

See more data about 6816 stock on TipRanks’ Stock Analysis page.

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