Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Tianrui Group Cement Co., Ltd. ( (HK:1252) ) has issued an announcement.
China Tianrui Group Cement Co., Ltd. has entered into supplemental framework purchase agreements with three coal suppliers to secure coal for its operations and trading activities. These agreements, effective from January 2023 to December 2024, require prepayments for coal procurement and include a detention fee arrangement with an interest rate of 4.5% per annum, impacting the company’s operational efficiency and cost management.
More about China Tianrui Group Cement Co., Ltd.
China Tianrui Group Cement Co., Ltd. operates in the cement industry, focusing on the production and distribution of cement products. The company is involved in the procurement and trading of coal, which is essential for its production processes.
Average Trading Volume: 28,671,772
Technical Sentiment Signal: Sell
Current Market Cap: HK$894.2M
Learn more about 1252 stock on TipRanks’ Stock Analysis page.