Hilong Holding Ltd. (HK:1623) has released an update.
Hilong Holding Ltd. has announced the renewal of several tenancy and equipment lease agreements for a six-month term ending December 31, 2024. All agreements involve companies controlled by Mr. Zhang, a major shareholder and Director, classifying them as connected transactions under the Listing Rules. The transactions require shareholder approval, as their aggregated financial impact exceeds the 5% threshold but remains under 25% according to the Listing Rules.
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