Luen Thai Holdings Ltd. Issues Clarification on Subcontracting Agreement with Shangtex HK

Reuters

Jul 11

<a href="https://laohu8.com/S/00311">Luen Thai</a> Holdings Ltd. Issues Clarification on Subcontracting Agreement with Shangtex HK

Luen Thai Holdings Ltd. has issued a supplemental announcement clarifying details regarding its Master Subcontracting Agreement. The announcement provides additional information on the internal pricing policy of the LTO Group and the procedures for determining service fees with the Shangtex HK Group. It also reveals that Shangtex HK is an indirect wholly-owned subsidiary of Shangtex Holding Co., Ltd., which is primarily owned by Orient International (Holding) Co., Ltd., ultimately controlled by the Shanghai State-owned Assets Supervision and Administration Commission. The clarification ensures that the subcontracting agreements are fair, reasonable, and align with market rates.

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. Luen Thai Holdings Ltd. published the original content used to generate this news brief on July 11, 2025, and is solely responsible for the information contained therein.

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Issues Clarification on Subcontracting Agreement with Shangtex HK","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/00311\">Luen Thai</a> Holdings Ltd. Issues Clarification on Subcontracting Agreement with Shangtex HK\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Luen Thai Holdings Ltd. has issued a supplemental announcement clarifying details regarding its Master Subcontracting Agreement. The announcement provides additional information on the internal pricing policy of the LTO Group and the procedures for determining service fees with the Shangtex HK Group. 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Issues Clarification on Subcontracting Agreement with Shangtex HK\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-11 16:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/00311\">Luen Thai</a> Holdings Ltd. Issues Clarification on Subcontracting Agreement with Shangtex HK\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Luen Thai Holdings Ltd. has issued a supplemental announcement clarifying details regarding its Master Subcontracting Agreement. The announcement provides additional information on the internal pricing policy of the LTO Group and the procedures for determining service fees with the Shangtex HK Group. It also reveals that Shangtex HK is an indirect wholly-owned subsidiary of Shangtex Holding Co., Ltd., which is primarily owned by Orient International (Holding) Co., Ltd., ultimately controlled by the Shanghai State-owned Assets Supervision and Administration Commission. 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