Haitian International Buys RMB173 Million Processing Equipment in Connected Deal

Haitian International Holdings ( (HK:1882) ) has provided an update.

Haitian International’s indirect wholly owned unit Haitian Plastics Machinery has agreed to buy an automatic processing line, CNC turning machines, machining centres and related equipment from fellow group company Haitian Precision for about RMB173.39 million. The equipment will be used to process parts and components for the group’s plastic injection moulding machines, with payments made in instalments from internal resources, and the deal classified as a small connected transaction under Hong Kong listing rules, requiring disclosure but no independent shareholder approval.

The consideration was set with reference to fair market value and agreed on normal commercial terms after arm’s length negotiations between the parties. By upgrading its processing capabilities through this intra-group purchase, Haitian International aims to enhance manufacturing efficiency and capacity while maintaining regulatory compliance on connected transactions, which may support its competitive position in the plastic machinery industry.

The most recent analyst rating on (HK:1882) stock is a Buy with a HK$26.70 price target. To see the full list of analyst forecasts on Haitian International Holdings stock, see the HK:1882 Stock Forecast page.

More about Haitian International Holdings

Haitian International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the machinery manufacturing sector through subsidiaries such as Haitian Plastics Machinery. The group focuses on producing plastic injection moulding machines and related equipment for industrial customers, primarily serving the plastics processing and automation markets.

Average Trading Volume: 2,421,778

Technical Sentiment Signal: Buy

Current Market Cap: HK$34.63B

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