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An announcement from Sinofert Holdings ( (HK:0297) ) is now available.
Sinofert Holdings Limited, through its subsidiary Sinochem Fuling, has announced a connected transaction involving the harmless phosphogypsum backfill utilization project. This initiative aligns with national policies requiring 100% harmless treatment of phosphogypsum by 2026. The project, valued at RMB62,644,158.09, involves CBLE and Zhejiang Tuohai as contractors for design, procurement, and construction. This transaction, under the General Contracting Agreement, is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval, reflecting its strategic importance in enhancing land utilization efficiency and compliance with regulatory standards.
The most recent analyst rating on (HK:0297) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Sinofert Holdings stock, see the HK:0297 Stock Forecast page.
More about Sinofert Holdings
Sinofert Holdings Limited operates in the chemical industry, focusing on the production and distribution of fertilizers and related products. The company is involved in the efficient and high-value utilization of phosphorus resources, aligning with national policy requirements.
Average Trading Volume: 35,764,564
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.73B
See more data about 0297 stock on TipRanks’ Stock Analysis page.