Dongjiang Environmental Signs Connected Tailings Supply Deal With Dabaoshan Minerals

Dongjiang Environmental Company ( (HK:0895) ) has issued an announcement.

Dongjiang Environmental Company’s subsidiary Shaoguan Sustainable Resources has signed a tailings sales agreement with Guangdong Province Dabaoshan Minerals, a unit of substantial shareholder Guangdong Rising Holdings Group, under which it will purchase tailings for further processing and resource utilization. The transaction is classified as a continuing connected transaction under Hong Kong listing rules and, when aggregated with a prior zinc oxide minerals sales agreement with Dabaoshan within 12 months, falls into the 0.1%–5% percentage ratio band, meaning it is subject to reporting and announcement requirements but exempt from circular and independent shareholders’ approval, underscoring a modest but regulated expansion of Dongjiang’s resource recovery business with a related party while reinforcing compliance with environmental and transport regulations.

The most recent analyst rating on (HK:0895) stock is a Sell with a HK$2.00 price target. To see the full list of analyst forecasts on Dongjiang Environmental Company stock, see the HK:0895 Stock Forecast page.

More about Dongjiang Environmental Company

Dongjiang Environmental Company Limited is a PRC-incorporated environmental services group listed in Hong Kong that focuses on waste treatment, recycling and sustainable resource utilization. Through subsidiaries such as Shaoguan Dongjiang Environmental Sustainable Resources Development, the company is involved in recovering and processing industrial by-products and tailings to support circular-economy and environmentally compliant operations in mainland China.

YTD Price Performance: 22.70%

Average Trading Volume: 4,800,361

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.15B

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