tiprankstipranks
Company Announcements

Pacific Millennium Packaging Group Signs New Machinery Lease Agreement

Story Highlights
  • Pacific Millennium Packaging Group signed a new agreement with Chongqing Stone Tan.
  • The agreement, effective in 2025, involves connected transactions exempt from certain approvals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pacific Millennium Packaging Group Signs New Machinery Lease Agreement

Discover the Best Stocks and Maximize Your Portfolio:

The latest update is out from Pacific Millennium Packaging Group Corp. ( (HK:1820) ).

Pacific Millennium Packaging Group Corporation has entered into a New Framework Agreement with Chongqing Stone Tan to continue leasing machinery and equipment for their business operations. This agreement, effective from February 1, 2025, to December 31, 2027, constitutes continuing connected transactions under Hong Kong’s Listing Rules and does not require independent shareholder approval due to the nature of its financial impact.

More about Pacific Millennium Packaging Group Corp.

YTD Price Performance: -2.58%

Average Trading Volume: 16,830

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.82B

Find detailed analytics on 1820 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1