Beijing North Star Company ( (HK:0588) ) has provided an update.
Beijing North Star Company has announced its intention to enter into a Framework Agreement with BNSIGC, effective from April 1, 2025, to December 31, 2026. This agreement will allow BNSCL Members and BNSIGC Members to conduct various transactions under specified terms and conditions. The transactions, which include entrusted operation and management services, will be conducted on an arm’s length basis, ensuring competitive pricing and adherence to commercial norms. The agreement is classified as a continuing connected transaction under the Hong Kong Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval.
More about Beijing North Star Company
YTD Price Performance: 5.00%
Average Trading Volume: 2,000
Technical Sentiment Signal: Buy
Current Market Cap: $719.3M
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