Powerlong Real Estate Renews Security System Intelligentization Services Contract with Fujian Pingan

MT Newswires Live

2024/10/02

Powerlong Real Estate (HKG:1238) renewed its contract with Fujian Pingan following which Fujian will provide certain security intelligentization system services to the group for another three years starting from Jan. 1, 2025, to Dec. 31, 2027, a Tuesday filing with the Hong Kong bourse said.

The company had previously engaged Fujian for the same services for three years from Jan. 1, 2022, to Dec. 31, 2024, including building automation and safety monitoring systems on a project-by-project basis.

As this agreement was coming to an end, the group decided to renew the agreement with Fujian with the annual caps set as 85 million yuan for the year ending Dec. 31, 2025, the same for the year ending Dec. 31, 2026, and 83 million yuan for the year ending Dec. 31, 2027.

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