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An announcement from Sichuan Expressway Co ( (HK:0107) ) is now available.
Sichuan Expressway Company Limited has renewed a refined oil framework agreement under which its subsidiary Zhonglu Energy will continue to purchase specified types of refined oil and related carriage and storage services from PetroChina Sichuan Sales Branch, acting for PetroChina Sichuan Group, for the period from 1 January 2026 to 31 December 2026. The deal, which sets pricing based on PetroChina’s most favourable selling price to Zhonglu Energy and caps it at levels no higher than those offered to PetroChina’s affiliated gas stations in Sichuan, has been approved by the board and reviewed by independent non-executive directors as fair, reasonable and on normal commercial terms; as a continuing connected transaction at the subsidiary level, it will be subject only to reporting, announcement and annual review requirements under Hong Kong Listing Rules, helping the company secure stable fuel supply while limiting additional compliance burdens for shareholders.
More about Sichuan Expressway Co
Sichuan Expressway Company Limited is a PRC-incorporated joint stock company primarily engaged in the investment, construction, operation and ancillary services of expressways and related infrastructure in Sichuan province. Through subsidiaries such as Zhonglu Energy, it also participates in supporting businesses including fuel supply and refined oil procurement for its transport and service-area operations.
Average Trading Volume: 2,116,760
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.66B
For detailed information about 0107 stock, go to TipRanks’ Stock Analysis page.