Huabao International Holdings (HK:0336) has released an update.
Huabao International Holdings has reported connected transactions with Guangdong Tobacco Company involving the sale and purchase of tobacco raw materials, amounting to approximately RMB25,818,336. The transactions are subject to specific reporting and review procedures under the Listing Rules, and although they are exempt from some approval requirements, Huabao International will continue to monitor and adhere to necessary regulatory compliances. The company holds a significant equity interest in Guangdong Jinke, with Guangdong Tobacco also being a stakeholder, which classifies these transactions as connected.
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