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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) just unveiled an announcement.
China Sanjiang Fine Chemicals Company Limited has entered into a continuing connected transaction with Jiahua Energy Chemical Co., under which the group will supply ammonium hydroxide to Jiahua and its subsidiaries from 1 January 2026 to 31 December 2026, with the agreement renewable subject to regulatory compliance. The pricing will be set monthly based on the weighted average prices Jiahua obtains from independent suppliers for comparable products, with the company emphasizing that terms will be negotiated at arm’s length and benchmarked against independent purchasers to ensure normal commercial terms and protect shareholders’ interests; under Hong Kong Listing Rules, the deal is subject to reporting, announcement and annual review requirements but is exempt from circular and independent shareholders’ approval due to its size.
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 fine chemicals producer, operating through subsidiaries to supply chemical products such as ammonium hydroxide to industrial customers. The group maintains supplier-customer relationships with related parties within the broader chemical sector, reflecting its integration into regional chemical value chains.
Average Trading Volume: 3,171,185
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
Learn more about 2198 stock on TipRanks’ Stock Analysis page.