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The latest announcement is out from China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ).
China Sanjiang Fine Chemicals Company Limited has entered into a framework agreement with connected party Gangan Industrial under which Gangan Industrial will provide repair and maintenance services for the group’s chemical plants and machinery from 1 January 2026 to 31 December 2026, with an option to renew subject to regulatory compliance. The transaction, 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 the company has stressed that pricing will be set on an arm’s length basis, benchmarked to market quotes or cost-plus margins, to ensure terms are no less favourable than those available from independent third-party contractors.
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, engaged in operating chemical plants and related machinery for the manufacture of chemical products, with its operations supported by specialised industrial repair and maintenance services.
Average Trading Volume: 3,171,185
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
See more data about 2198 stock on TipRanks’ Stock Analysis page.