Huabao International Continues Tobacco Material Transactions with Broad Far Group

Huabao International Holdings ( (HK:0336) ) just unveiled an announcement.

Huabao International Holdings, through its subsidiary Chemactive, has entered into a new Framework Agreement with Broad Far Group to continue providing tobacco-related raw materials and services. This agreement, effective from January 1, 2025, to December 31, 2025, aims to expand Huabao’s customer base and revenue beyond China. As these transactions are classified as connected transactions under the Listing Rules, they will be subject to specific reporting and review requirements but are exempt from requiring independent shareholder approval.

More about Huabao International Holdings

Huabao International Holdings is engaged in the research and development, production, distribution, and sales of flavors, fragrances, food ingredients, tobacco raw materials, aroma raw materials, and condiment products primarily in the People’s Republic of China (PRC).

YTD Price Performance: -0.38%

Average Trading Volume: 100

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $858.3M

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