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The latest announcement is out from China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ).
China Sanjiang Fine Chemicals has entered into a series of continuing connected transactions with Jiahua Energy Chemical Co. for 2026, covering ethylene storage and transportation services, as well as the supply and purchase of condensate water, desalinated water and miscellaneous materials, thereby formalising their supplier–customer arrangements for the year. As the transaction caps fall between the 0.1% and 5% thresholds under Hong Kong’s Listing Rules, the deals will be subject to reporting, announcement and annual review requirements but are exempt from the need for a shareholder circular, independent financial advice and independent shareholders’ approval, streamlining compliance while maintaining regulatory oversight for investors.
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 Cayman Islands-incorporated chemical producer listed in Hong Kong that operates in the fine chemicals and petrochemicals sector, with activities including the provision of ethylene storage and transportation services and the supply of water and ancillary chemical materials to industrial counterparties such as Jiahua Energy Chemical Co.
Average Trading Volume: 3,171,185
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
See more insights into 2198 stock on TipRanks’ Stock Analysis page.