tiprankstipranks
China Sanjiang Announces Multi-Year Transactions with Mei Fu
Company Announcements

China Sanjiang Announces Multi-Year Transactions with Mei Fu

China Sanjiang Fine Chemicals Co., Ltd. (HK:2198) has released an update.

Don't Miss our Black Friday Offers:

China Sanjiang Fine Chemicals Co., Ltd. has announced a series of continuing connected transactions with Mei Fu Petrochemical, including the supply of crude hydrogen gas and MTBE processing services, as well as leasing storage tanks and providing loading and unloading services. These agreements are set to last until the end of 2025 with respective annual caps of RMB50 million, RMB18 million, RMB8 million, and RMB6 million. The deals fall within the reporting and annual review requirements of the Listing Rules, but do not require independent shareholder approval.

For further insights into HK:2198 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App