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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) has provided an update.
China Sanjiang Fine Chemicals Company Limited has secured shareholder approval at its 15 January 2026 extraordinary general meeting for a naphtha sale and purchase agreement with Zhejiang Mei Fu Petrochemical Co., Ltd., including annual transaction caps through 2028 and authorization for directors to implement the arrangement. Shareholders also approved a steam purchase agreement between Blue Whale Bioenergy (Zhejiang) Co., Ltd. and Sanjiang Chemical Co. Ltd., similarly endorsing annual caps through 2028 and granting directors authority to execute all related documents, moves that formalize key long-term supply relationships and support the company’s operational stability and cost planning in its core chemical production activities.
The most recent analyst rating on (HK:2198) stock is a Hold with a HK$4.00 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 manufacturer focused on fine chemical products, operating through subsidiaries including Sanjiang Chemical Co. Ltd. in Zhejiang, China. The group’s operations involve key petrochemical inputs and utilities, such as naphtha and steam, reflecting its integration within the regional petrochemical and industrial energy supply chain.
Average Trading Volume: 3,137,936
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.17B
Find detailed analytics on 2198 stock on TipRanks’ Stock Analysis page.