Texhong Textile Group (DE:T1TA) has released an update.
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Texhong Textile Group has terminated a photovoltaic installation and construction agreement due to reasons detailed in a recent announcement, while simultaneously entering into a new agreement for photovoltaic supply chain management consulting services worth up to RMB170 million. The involved parties are connected to the company’s top executives, making this a connected transaction under the Listing Rules, subject to reporting requirements but exempt from independent shareholder approval.
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