Shoucheng’s E Park Signs New Connected Carpark Management Deal with Shougang Affiliate

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2026.01.21 10:38
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Shoucheng Holdings Ltd. has announced that its subsidiary E Park has signed a one-year carpark management agreement with Beijing Jingxinda, an affiliate of Shougang Group. The agreement involves managing Carpark A and includes services such as security and fee collection, with fees based on actual operating costs. This deal is part of a series of connected transactions under Hong Kong listing rules, exempting it from independent shareholder approval. The latest analyst rating for Shoucheng Holdings (HK:0697) is a Hold with a price target of HK$2.50.