Time Watch Raises Annual Cap on Connected Supply Deal With ILG
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Time Watch Investments Ltd. has raised the annual cap on its connected supply deal with the ILG Group due to increased demand for watch movements and OEM-manufactured watches. The revised cap exceeds the 5% threshold, necessitating reporting but exempting it from independent shareholder approval. The board considers the terms fair and in shareholders' interests. The latest analyst rating for Time Watch (HK:2033) is a Hold with a price target of HK$0.29. The company, listed in Hong Kong, operates in the watch industry, supplying both its brands and external customers.
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