BeijingWest International (HK:2339) has released an update.
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BeijingWest Industries International Limited has announced plans to adjust the financial caps for their existing connected transactions in 2024 to better align with anticipated business needs, signaling a significant increase in spending for services and parts. Additionally, the company has opted to terminate these agreements by the start of 2025 and has already set up new connected transactions to run from 2025 to 2027 with BWSM, its controlling shareholder. These strategic moves are subject to approval by independent shareholders and will redefine the company’s business dealings over the next several years.
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