Chengdu Putian Secures New Cable Supply Deal

Chengdu Putian Telecommunications Cable Co., Ltd. Class H (HK:1202) has released an update.

Chengdu Putian Telecommunications Cable Co., Ltd. has entered into a new agreement with its connected entity Chengdu Siwi Hi-Tech to supply optical and electric cable components from 2025 to 2027. This deal follows the impending expiration of their 2022 agreement and will require approval from independent shareholders due to its significant transactional value exceeding HK$10 million. An extraordinary general meeting is set to convene for shareholder approval, with detailed documentation to be provided within 15 business days post-announcement.

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