AEON Stores Renews Key Agreements and Revises Purchase Caps
AEON Stores (Hong Kong) Co., Limited has renewed its Master Services Agreement with AGSCM Japan, excluding the Dongguan Warehouse. The company will revise its annual caps for the Master ATV Purchase Agreement due to increased purchases. An Extraordinary General Meeting will be held for independent shareholders' approval. The latest analyst rating for AEON Stores is a Hold with a HK$0.50 price target.
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AEON Stores (Hong Kong) Co., Limited ( (HK:0984) ) has provided an announcement.
AEON Stores (Hong Kong) Co., Limited has announced the renewal of its Master Services Agreement with AGSCM Japan, a connected entity under AEON Co, to continue certain services excluding the Dongguan Warehouse. This renewal involves non-exempt continuing connected transactions subject to regulatory requirements. Additionally, AEON Stores plans to revise its annual caps for the Master ATV Purchase Agreement due to an anticipated increase in purchases, requiring compliance with specific listing rules. An Extraordinary General Meeting (EGM) will be held to seek approval from independent shareholders regarding these agreements.
The most recent analyst rating on (HK:0984) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on AEON Stores (Hong Kong) Co., Limited stock, see the HK:0984 Stock Forecast page.
More about AEON Stores (Hong Kong) Co., Limited
AEON Stores (Hong Kong) Co., Limited operates in the retail industry, focusing on providing a wide range of consumer goods through its department stores and supermarkets. The company is part of the AEON Group, a major player in the retail sector, with a market focus on Hong Kong and neighboring regions.
Average Trading Volume: 101,581
Technical Sentiment Signal: Sell
Current Market Cap: HK$107.9M
Learn more about 0984 stock on TipRanks’ Stock Analysis page.
