Dachan Food (Asia) Limited (HK:3999) has released an update.
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Dachan Food (Asia) Limited has announced the renewal of two major continuing connected transactions with Marubeni and its subsidiary, Marubeni PRC, set to take effect from January 1, 2025, for a period of three years. These transactions, which involve purchasing and supply agreements, are consistent with the terms of the current agreements expiring on December 31, 2024. The company’s board, including independent non-executive directors, has approved the renewals, emphasizing they are on normal commercial terms and in the best interest of the company and its shareholders.
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