Tam Jai Renews Key Management Services Pact

Tam Jai International Co., Ltd. (HK:2217) has released an update.

Tam Jai International Co. Ltd. has renewed its Management Services Agreement with MGHK, a subsidiary of its controlling shareholder Toridoll HK, for another year, effective from June 1, 2024, to May 31, 2025. The agreement, which involves providing a variety of management services on a cost-plus basis, is a continuing connected transaction under the Listing Rules, requiring regular reporting and review but exempt from independent shareholder approval due to its size. This renewal represents an ongoing relationship between the companies, with a service fee markup capped at 3%.

For further insights into HK:2217 stock, check out TipRanks’ Stock Analysis page.