China Tobacco International (HK) Co (HK:6055) has released an update.
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China Tobacco International (HK) Company Limited held an extraordinary general meeting on November 18, 2024, where the resolutions related to the 2024-2026 Offshore Supply Framework Agreement and Tobacco Leaf Products Export Agency Agreements were overwhelmingly approved by independent shareholders. With CNTC and CTIG abstaining from voting due to their significant shareholding, the remaining shareholders voted almost unanimously in favor of the proposed resolutions. This decision could signal future growth opportunities for the company in the international tobacco supply and export markets.
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