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China Qinfa Group Ltd. ( (HK:0866) ) has provided an announcement.
China Qinfa Group Ltd. announced a Coal Supply Agreement between its non-wholly owned subsidiary, SDE, and Zhejiang Energy Asia Pacific. This agreement involves the sale of 150,000 MT of Indonesian steam coal, with potential adjustments, to be delivered in two shipments starting December 2025. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and review but exempt from certain approval requirements. The agreement underscores Qinfa’s strategic partnerships and operational commitments in the coal industry.
The most recent analyst rating on (HK:0866) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on China Qinfa Group Ltd. stock, see the HK:0866 Stock Forecast page.
More about China Qinfa Group Ltd.
China Qinfa Group Ltd. is a company incorporated in the Cayman Islands, primarily engaged in coal supply and related transactions. It operates through subsidiaries and focuses on the coal industry, providing coal products to various stakeholders.
Average Trading Volume: 6,875,502
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.41B
Learn more about 0866 stock on TipRanks’ Stock Analysis page.