Sichuan Expressway Co (HK:0107) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Sichuan Expressway Co’s subsidiary, Zhonglu Energy, has renewed its Refined Oil Framework Agreement with PetroChina Sichuan Sales Branch, allowing it to continue purchasing refined oil and related services for 2025. This renewal underscores a significant partnership, with PetroChina holding a 49% equity stake in Zhonglu Energy. The agreement is favorably viewed by independent directors, ensuring it’s on fair and reasonable commercial terms, benefiting the company and its shareholders.
For further insights into HK:0107 stock, check out TipRanks’ Stock Analysis page.