Shoucheng Holdings Ltd. (HK:0697) has released an update.
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Shoucheng Holdings Ltd. has signed a new financial services framework agreement with Shougang Finance Company, set to commence on December 20, 2024, and last until December 31, 2025. This agreement renews their existing partnership, allowing Shougang Finance to continue providing credit, deposit, and other financial services to Shoucheng Holdings. The transactions under this agreement are classified as continuing connected transactions, subject to specific reporting and review requirements under Hong Kong’s listing rules, but they do not require independent shareholder approval.
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