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CWT International Limited ( (HK:0521) ) has issued an update.
CWT International Limited announced a connected transaction involving its subsidiary, MRI Trading, entering into a Contract of Sale with GTS Shipping for the purchase of copper cathodes. The transaction, valued at up to US$5 million, is a connected transaction under Hong Kong’s Listing Rules due to GTS Shipping’s association with the company’s controlling shareholder. The deal replaces a previously considered non-binding cooperation agreement and involves the delivery of copper cathodes from the Democratic Republic of Congo to Shanghai, China.
More about CWT International Limited
CWT International Limited operates in the commodities trading industry, primarily dealing with products such as copper cathodes. The company focuses on trading commodities and has a market presence in regions like the Democratic Republic of Congo and China.
YTD Price Performance: 88.00%
Average Trading Volume: 5,170,720
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.57B
Learn more about 0521 stock on TipRanks’ Stock Analysis page.