China Overseas Grand Oceans Group (HKG:0081) renewed its agreement with COLI Group for COLI to participate in the company's competitive tenders for the supply of certain materials for property development projects of the group, a Monday Hong Kong bourse filing said.

The parties had previously agreed for the same as mentioned above for three years ending Dec. 31 this year, and have decided to renew the agreement for another three years ending on Dec. 31, 2027.

The overall annual caps set for the possible supply agreements between the parties are 1.50 billion yuan for each of the years, 2025, 2026, and 2027.

The property company's shares closed nearly 3% lower on Monday.

Price (HKD): $2.18, Change: $-0.060, Percent Change: -2.68%