China Sanjiang Fine Chemicals Seeks Shareholder Nod for Key Petrochemical Supply Deals

China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) just unveiled an update.

China Sanjiang Fine Chemicals Company Limited has convened an extraordinary general meeting for 15 January 2026 in Hong Kong, seeking shareholder approval for a series of supply agreements that underpin its core petrochemical operations. The resolutions to be voted on cover the ratification of a naphtha sale and purchase agreement with Zhejiang Mei Fu Petrochemical, and steam and liquefied petroleum gas purchase agreements between Blue Whale Bioenergy (Zhejiang) and Sanjiang Chemical, including the associated annual transaction caps for the financial years through 2028. Board authorisation is also being sought to execute all necessary documents and actions related to these contracts, which collectively aim to secure critical feedstock and utility supplies, providing greater visibility over input costs and operational continuity for the group’s chemical production activities.

The most recent analyst rating on (HK:2198) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on China Sanjiang Fine Chemicals Co., Ltd. stock, see the HK:2198 Stock Forecast page.

More about China Sanjiang Fine Chemicals Co., Ltd.

China Sanjiang Fine Chemicals Company Limited is a Hong Kong-listed chemical producer incorporated in the Cayman Islands, operating through subsidiaries such as Sanjiang Chemical Co. Ltd. Its business involves petrochemical-related products and inputs, including naphtha and liquefied petroleum gas, as well as the use of industrial utilities like low-pressure steam, indicating a focus on integrated chemical processing and energy-related supply arrangements in Zhejiang, China.

Average Trading Volume: 3,724,606

Technical Sentiment Signal: Buy

Current Market Cap: HK$3.52B

For a thorough assessment of 2198 stock, go to TipRanks’ Stock Analysis page.