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Henan JinMa Energy Co. Ltd. Class H ( (HK:6885) ) has provided an announcement.
Henan Jinma Energy has renewed its cooperation with Xinyang Group by entering into a 2026 Framework Agreement on 31 December 2025, under which the group will continue to procure coal from Xinyang and process it into coke and by-products including electricity and sulfuric acid for sale back to Xinyang. As Xinyang Co is a connected person at the subsidiary level through their joint shareholding in Xinyang Jingang, the arrangement constitutes a continuing connected transaction under Hong Kong’s Listing Rules, triggering reporting and announcement obligations but exempting the company from circular, independent financial advice and shareholder approval requirements after the board, including independent directors, deemed the terms fair, reasonable and in the interests of shareholders.
The most recent analyst rating on (HK:6885) stock is a Hold with a HK$0.99 price target. To see the full list of analyst forecasts on Henan JinMa Energy Co. Ltd. Class H stock, see the HK:6885 Stock Forecast page.
More about Henan JinMa Energy Co. Ltd. Class H
Henan Jinma Energy Company Limited is a PRC-incorporated energy and coal-chemical producer listed in Hong Kong, involved in processing coal into coke and related by-products such as electricity and sulfuric acid. The group’s operations include supplying these products to industrial customers, with a focus on cooperating with related parties in its supply and processing chain to secure stable raw materials and product offtake.
Average Trading Volume: 2,335,274
Technical Sentiment Signal: Sell
Current Market Cap: HK$546.1M
Learn more about 6885 stock on TipRanks’ Stock Analysis page.