Ever Reach Group Ups Annual Construction Cap

Ever Reach Group Holdings Co., Ltd. (HK:3616) has released an update.

Ever Reach Group Holdings Co., Ltd. has finalized additional construction services for a commercial project, resulting in a significant raise of their annual spending cap from RMB 0.9 million to RMB 14.4 million for 2024, with a new cap set at RMB 2 million for 2025. These construction contracts are categorized as continuing connected transactions and, while subject to reporting and review, do not require independent shareholder approval as per the Listing Rules.

For further insights into HK:3616 stock, check out TipRanks’ Stock Analysis page.

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