Huitongda Network Signs Three-Year Purchase, Sales Deal With Five Star Holdings; Shares Slip 5%

MT Newswires Live09-25

Huitongda Network (HKG:9878) entered into a purchase and sales framework agreement with Five Star, under which the group will sell goods to and purchase goods from Five Star and its associates from 2027 to 2029, according to a Thursday filing with the Hong Kong bourse.

The agreement covers household appliances, consumer electronics and other products, with annual caps of 30 million yuan each for sales and purchases in 2027, 2028 and 2029.

Five Star is a connected person of Huitongda because Chairman and non-executive Director Wang Jianguo and his family hold about 65.50% of the company, the filing said.

Shares of the firm were down nearly 5% in Friday afternoon trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2670445845?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-25 15:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2670445845","market":"sh","top_or_hot":-1,"title":"Huitongda Network Signs Three-Year Purchase, Sales Deal With Five Star Holdings; Shares Slip 5%","media":"MT Newswires Live","content":"<html><body><p> Huitongda Network (HKG:9878) entered into a purchase and sales framework agreement with Five <a href=\"https://laohu8.com/S/SGU\">Star</a>, under which the group will sell goods to and purchase goods from Five Star and its associates from 2027 to 2029, according to a Thursday filing with the Hong Kong bourse.</p><p>The agreement covers household appliances, consumer electronics and other products, with annual caps of 30 million yuan each for sales and purchases in 2027, 2028 and 2029.</p><p>Five Star is a connected person of Huitongda because Chairman and non-executive Director Wang Jianguo and his family hold about 65.50% of the company, the filing said.</p><p>Shares of the firm were down nearly 5% in Friday afternoon trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Huitongda Network Signs Three-Year Purchase, Sales Deal With Five Star Holdings; Shares Slip 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHuitongda Network Signs Three-Year Purchase, Sales Deal With Five Star Holdings; Shares Slip 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-25 15:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Huitongda Network (HKG:9878) entered into a purchase and sales framework agreement with Five <a href=\"https://laohu8.com/S/SGU\">Star</a>, under which the group will sell goods to and purchase goods from Five Star and its associates from 2027 to 2029, according to a Thursday filing with the Hong Kong bourse.</p><p>The agreement covers household appliances, consumer electronics and other products, with annual caps of 30 million yuan each for sales and purchases in 2027, 2028 and 2029.</p><p>Five Star is a connected person of Huitongda because Chairman and non-executive Director Wang Jianguo and his family hold about 65.50% of the company, the filing said.</p><p>Shares of the firm were down nearly 5% in Friday afternoon trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STHO","symbol_name":"Star Holdings","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2670445845","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2670445845","pubTimestamp":1790320422,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Huitongda Network  entered into a purchase and sales framework agreement with Five Star, under which the group will sell goods to and purchase goods from Five Star and its associates from 2027 to 2029, according to a Thursday filing with the Hong Kong bourse.The agreement covers household appliances, consumer electronics and other products, with annual caps of 30 million yuan each for sales and purchases in 2027, 2028 and 2029.Five Star is a connected person of Huitongda because Chairman and non-executive Director Wang Jianguo and his family hold about 65.50% of the company, the filing said.Shares of the firm were down nearly 5% in Friday afternoon trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STHO":"Star Holdings"},"translate_title":"汇通达网络与五星控股签署三年购销协议；股价下跌 5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STHO":1.5},"content_text":"Huitongda Network (HKG:9878) entered into a purchase and sales framework agreement with Five Star, under which the group will sell goods to and purchase goods from Five Star and its associates from 2027 to 2029, according to a Thursday filing with the Hong Kong bourse.The agreement covers household appliances, consumer electronics and other products, with annual caps of 30 million yuan each for sales and purchases in 2027, 2028 and 2029.Five Star is a connected person of Huitongda because Chairman and non-executive Director Wang Jianguo and his family hold about 65.50% of the company, the filing said.Shares of the firm were down nearly 5% in Friday afternoon trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2670445845","isCrawlerRequest":true}