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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) just unveiled an update.
China Sanjiang Fine Chemicals has entered into short-term supplemental agreements with related parties Mei Fu Petrochemical and Blue Whale Bioenergy to ensure uninterrupted supply of naphtha, steam, liquefied petroleum gas and fuel gas between 1 and 15 January 2026, ahead of an extraordinary general meeting where shareholders will vote on longer-term continuing connected transaction agreements. The temporary arrangements mirror the terms and pricing of the previously announced agreements and will count toward the proposed annual transaction caps, allowing the group to maintain normal production while complying with Hong Kong listing rules that require independent shareholder approval for the broader connected transactions.
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 chemicals producer, operating through subsidiaries such as Sanjiang Chemical, with a focus on sourcing key feedstocks like naphtha as well as utilities including steam, liquefied petroleum gas and fuel gas to support its chemical production activities.
Average Trading Volume: 3,692,360
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.65B
See more data about 2198 stock on TipRanks’ Stock Analysis page.