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MMG ( (HK:1208) ) just unveiled an update.
MMG Limited has entered into a Shipping Framework Agreement with Minmetals Logistics, a subsidiary of its controlling shareholder CMC, to manage the ocean transport of its products. This agreement, which is classified as a continuing connected transaction, outlines the terms and conditions for shipping services, including pricing and payment methods, and will be in effect from January 24 to December 31, 2025. The transaction is subject to specific reporting and review requirements but does not require independent shareholders’ approval, indicating a streamlined process that should facilitate efficient logistics operations for MMG and potentially strengthen its market position.
More about MMG
MMG Limited is a company incorporated in Hong Kong, primarily involved in the mining industry. The company focuses on the production and shipment of base metals such as copper, zinc, and lead concentrates. It operates under the broader umbrella of CMC, with Minmetals Logistics being a subsidiary involved in logistics and shipping services.
YTD Price Performance: 9.38%
Average Trading Volume: 6,470
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.13B
See more data about 1208 stock on TipRanks’ Stock Analysis page.
