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The latest update is out from China Tobacco International (HK) Co ( (HK:6055) ).
China Tobacco International (HK) Co. has expanded its Exclusive Cigarettes Export Business by entering into a new Framework Agreement with Inner Mongolia Kunming Company. This move, along with a modification of existing waivers from the Stock Exchange, allows the company to continue its transactions without the need for annual cap and independent shareholders’ approval, indicating a strategic growth in market coverage and product portfolio.
More about China Tobacco International (HK) Co
China Tobacco International (HK) Company Limited operates in the tobacco industry, focusing on the export of duty-free cigarettes. The company procures these cigarettes from entities under the China National Tobacco Corporation (CNTC) and distributes them to exclusive operating regions.
YTD Price Performance: 0.21%
Average Trading Volume: 2,946,397
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$16.53B
See more data about 6055 stock on TipRanks’ Stock Analysis page.