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An announcement from Asia Cement (China) Holdings ( (HK:0743) ) is now available.
Asia Cement (China) Holdings Corporation has issued a supplemental announcement clarifying the pricing mechanisms and annual caps for a series of continuing connected transactions involving the purchase and sale of clinker, cement and slag powder under three sale and purchase agreements. The company explains that prices are set on an arm’s length basis with reference to prevailing market levels, including import and export indices and industry benchmarks in Singapore, and are aligned with prices offered to independent third-party customers, less a small operating charge for loading at specified PRC ports, to ensure terms are fair and in the interests of shareholders. The determination of the annual caps for Transactions II and III factors in historical transaction volumes and expenditures for its Singapore operations in 2025, expectations of an initial sales decline amid competitive market conditions and the time needed to build new customer relationships, as well as shipping schedules and capacity constraints, highlighting a structured approach to managing its Singapore business and related-party dealings within regulatory and commercial parameters.
The most recent analyst rating on (HK:0743) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Asia Cement (China) Holdings stock, see the HK:0743 Stock Forecast page.
More about Asia Cement (China) Holdings
Asia Cement (China) Holdings Corporation is a China-based cement producer engaged in the manufacture and sale of clinker, cement and slag powder, with a notable market presence in Singapore where it supplies materials for construction-related activities. The company operates through a network that includes ports in Jiangsu Province in the PRC and relies on both domestic and export markets, including Singapore, for its cement and related product sales.
Average Trading Volume: 607,508
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$3.76B
Find detailed analytics on 0743 stock on TipRanks’ Stock Analysis page.