China Sanjiang Fine Chemicals Co., Ltd. (HK:2198) has released an update.
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China Sanjiang Fine Chemicals Co., Ltd. has announced the signing of agreements to transfer and then buy back part of a wastewater processing facility for RMB 8,294,700 to and from Mei Fu Petrochemical. The deal, involving an indirectly wholly-owned subsidiary of the company, is expected to be completed within six months and aligns with the Listing Rules’ reporting and annual review requirements. The transactions were based on an independent valuation and do not require independent shareholder approval.
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