The Wharf (Holdings) Limited has announced the adoption of a New Master Property Services Agreement, which sets annual cap amounts for services fees payable and receivable for the financial years ending 31 December 2026, 2027, and 2028. The agreement is considered to be on normal commercial terms and in line with prevailing market conditions. The Board, including independent non-executive directors, has determined that the terms are fair and reasonable and in the interests of the company and its shareholders as a whole. No director was required to abstain from voting due to a material interest. The agreement is subject to announcement, reporting, and annual review requirements under Chapter 14A of the Listing Rules but is exempt from circular and independent shareholders' approval requirements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Wharf (Holdings) Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251128-11931945), on November 28, 2025, and is solely responsible for the information contained therein.
Comments