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The latest update is out from Huabao International Holdings ( (HK:0336) ).
Huabao International Holdings has announced that its subsidiaries have received purchase orders from Guangdong Tobacco Company for tobacco raw materials, amounting to approximately RMB35,002,999. These transactions are considered connected transactions under Hong Kong’s Listing Rules, requiring specific reporting and disclosure obligations. The transactions exceed 1% of the applicable percentage ratio, necessitating compliance with Chapter 14A of the Listing Rules, although they are exempt from independent shareholders’ approval due to the percentage being less than 5%. The company will continue to monitor these transactions to ensure ongoing compliance.
More about Huabao International Holdings
Huabao International Holdings is primarily engaged in the research and development, production, distribution, and sales of flavors and fragrances, food ingredients, tobacco raw materials, aroma raw materials, and condiment products in China.
YTD Price Performance: 23.46%
Average Trading Volume: 100
Technical Sentiment Signal: Sell
Current Market Cap: $1.04B
Learn more about 0336 stock on TipRanks’ Stock Analysis page.