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Kinetic Mines & Energy Ltd. ( (HK:1277) ) just unveiled an update.
Kinetic Development Group Limited announced that its subsidiary, Qianhai Seedland, has entered into a Property Management Services Framework Agreement with Seedland. This agreement outlines the provision of property management and value-added services from January 13, 2025, to December 31, 2025. The transaction is categorized as a connected transaction under Hong Kong’s Listing Rules due to the association with Mr. Zhang Liang, Johnson, the company’s controlling shareholder. The agreement is subject to reporting and review requirements but is exempt from independent shareholders’ approval.
More about Kinetic Mines & Energy Ltd.
YTD Price Performance: -8.53%
Average Trading Volume: 9,461,407
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$9.95B
For a thorough assessment of 1277 stock, go to TipRanks’ Stock Analysis page.
