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An update from Sinofert Holdings ( (HK:0297) ) is now available.
Sinofert Holdings Limited has announced a connected transaction involving its subsidiary, Sinochem Yunlong, which has entered into an EPC General Contracting Agreement with CBLE and Sinochem Environment. This agreement, valued at RMB9,286,875.82, aims to reduce particulate matter in exhaust gas emissions from the MCP production process, addressing declining performance and reliability of existing facilities. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from independent shareholders’ approval. This initiative reflects Sinofert’s commitment to environmental protection and operational safety, potentially enhancing its industry positioning and stakeholder relations.
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 primarily involved in the manufacturing of monocalcium phosphate (MCP) and other chemical products, with a market focus on enhancing agricultural productivity and environmental sustainability.
Average Trading Volume: 30,440,649
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.06B
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