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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) has shared an update.
China Sanjiang Fine Chemicals has entered into a Transportation Agreement under which its subsidiary Sanjiang Chemical will procure naphtha transportation services from connected party Gaoyu Shipping from 1 January 2026 to 31 December 2028, with possible renewal subject to regulatory compliance. The deal, classified as a continuing connected transaction under Hong Kong Listing Rules, is subject to reporting, announcement and annual review requirements but exempt from independent shareholders’ approval, and is structured on arm’s length pricing based on prevailing market rates and comparable third-party quotations, giving the company additional flexibility and options in securing naphtha logistics while imposing performance obligations and delay penalties on both parties to safeguard service quality and cost fairness for stakeholders.
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, incorporated in the Cayman Islands and listed in Hong Kong (Stock Code: 2198), operates in the fine chemicals sector through its subsidiary Sanjiang Chemical. The group is engaged in the production and supply of chemical products and relies on marine transportation services, including naphtha logistics, as a key part of its supply chain and operational activities.
Average Trading Volume: 3,171,185
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
For an in-depth examination of 2198 stock, go to TipRanks’ Overview page.