CSSC Offshore & Marine Engineering (Group) Company Limited Class H (HK:0317) has released an update.
CSSC Offshore & Marine Engineering (Group) Company Limited has announced an increase in the annual cap for Sales Agency Services for 2024 to meet higher demand, subject to approval by Independent Shareholders. This revision under the 2024 Framework Agreement reflects the company’s anticipation of business growth and adherence to Hong Kong Listing Rules. The transactions, excluding some exempt guarantee services, require reporting, approval, and are categorized as major transactions due to their size relative to the company’s scale.
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