KRP Development Secures RMB 23.8M Contractor Deal for Theme Park Project
KRP Development Holdings Ltd., a company listed on the Hong Kong Stock Exchange, has announced a discloseable transaction involving a new Contractor Construction Contract. The agreement was made between Guangdong Jialang, an indirect wholly-owned subsidiary of KRP Development, and Shenzhen Lighting Century. This contract, valued at RMB23,800,000 (approximately HK$26,180,000), pertains to the Theme Park Night Tour Project. The transaction falls under the discloseable transaction category as per Chapter 14 of the Listing Rules, requiring reporting and announcement due to the applicable percentage ratio exceeding 5% but remaining below 25%. The Board of Directors considers the contract terms fair and in the best interest of the company and its shareholders.
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