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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) has shared an update.
China Sanjiang Fine Chemicals has signed a framework agreement with connected party Jiahua Energy Chemical for the provision of pipeline network usage services from 1 January 2026 to 31 December 2026, with total consideration capped at RMB6 million, priced in accordance with local government-approved pipeline usage fee standards and payable annually in a lump sum. As the transaction size falls between the 0.1% and 5% thresholds under Hong Kong listing rules, it is classified as a continuing connected transaction subject to reporting, announcement and annual review requirements but exempt from independent shareholders’ approval, signalling a modest but regulated recurring revenue stream from infrastructure services and reinforcing Sanjiang’s operational ties within the local chemical industry cluster.
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 based in the Jiaxing port area, supplying industrial users with chemicals and related infrastructure services, including pipeline network usage within its industrial zone. Its operations are closely linked to other petrochemical and energy-chemical enterprises in the region, reflecting a focus on integrated, shared industrial facilities.
Average Trading Volume: 3,171,185
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
For detailed information about 2198 stock, go to TipRanks’ Stock Analysis page.