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Lee & Man Chemical Co. Ltd. ( (HK:0746) ) has issued an announcement.
Lee & Man Chemical Co. Ltd. has announced a connected transaction involving the transfer of land use rights in Changshu, China. Jiangsu Paper and Jiangsu Chemical, subsidiaries of Lee & Man Paper and Lee & Man Chemical respectively, have entered into a contract for the transfer of these rights for approximately RMB67.53 million. This transaction, categorized under Chapter 14A of the Listing Rules, is subject to reporting and announcement requirements but is exempt from shareholder approval. The land, designated for industrial use, spans approximately 74,937 square meters, and the payment will be made in three installments.
More about Lee & Man Chemical Co. Ltd.
Lee & Man Chemical Co. Ltd. operates in the chemical industry, focusing on the production and distribution of chemical products. The company is involved in various market segments, providing essential chemical solutions to different industrial sectors.
Average Trading Volume: 326,358
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.21B
For detailed information about 0746 stock, go to TipRanks’ Stock Analysis page.